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On January 1,2015, Bose Company issued bonds with a face value of $600,000. The bonds...

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Accounting

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On January 1,2015, Bose Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1. Instructions a. Prepare the journal entry for the issuance assuming the bonds are issued at 95 b. Prepare the journal entry for the issuance assuming the bonds are issued at 105. On January 1, 2015, Frog Corporation issued $800,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Frog Corporation has a calendar year end Instructions Prepare all entries related to the bond issue for 2015 On January 1, 2014, Zappa Enterprises sold 8%, 20-year bonds with a face amount of $1,200,000 for $1,140,000. Interest is payable annually on January 1 Instructions Calculate the carrying value of the bond at December 31, 2014 and 2015

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