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On January 1, 2017, Brussels enterprises issue bonds at par dated January 1, 2017, that have...

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Accounting

On January 1, 2017, Brussels enterprises issue bonds at pardated January 1, 2017, that have $3,300,000 par value, mature in 4years and pay 10% interest semiannually on June 30 and December31

1) Record the entry for the issuance of bonds for cash onJanuary wa1, 2017

2) record the entry for the first semiannual interest payment onJune 30, 2017

3) Record the entry for the second semiannual interest paymenton December 31, 2017

4) record the entry for the maturity of the bonds on december31, 2020.

Answer & Explanation Solved by verified expert
4.1 Ratings (595 Votes)
1Entry for the issuance of bonds for cash on January 01 2017 Date Accounts Tittles and explanations Debit Credit Jan 01 2017 Cash Ac 3300000 To Bond Payable Ac 3300000 Journal Entry to record the issuance of    See Answer
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