On April 1, 2010, Morimoto Corporation issued $8,000,000 in 8 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Complete journal entry for the issue of the bonds by Blanco on April 1, 2018. Use the straight-line method and ignore year-end accruals.

On April 1, 2010, Morimoto Corporation issued $8,000,000 in 8 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Complete journal entry for the issue of the bonds by Blanco on April 1, 2018. Use the straight-line method and ignore year-end accruals.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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