EBK ACCOUNTING PRINCIPLES
EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 15, Problem 4BE

a.

To determine

Introduction: Bonds are a form of interest-bearing note payable which is issued by the companies, government agencies, and universities to raise money. Investors receive interest from the bonds.

To prepare: The journal entry to record the issuance of bonds assuming the bonds are sold for 97.

b.

To determine

Introduction: Bonds are a form of interest-bearing note payable which is issued by the companies, government agencies, and universities to raise money. Investors receive interest from the bonds.

To prepare: The journal entry to record the issuance of bonds assuming the bonds are sold for 104.

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