Prepare the accounting entries (daily) in the sale of Bonds and to record the payment...
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Accounting
Prepare the accounting entries (daily) in the sale of Bonds and to record the payment of the interest in one year.
On January 1, 2022, SONY Corporation issued $300,000, 8%, 10-year bonds at value nominal. Interest is paid semi-annually on July 1 and January 1. SONY uses calendar year.
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You can see the logs in the Dashboard.