ACCOUNTGURU
Jul 7, 2009, 02:16 AM
A Company issued PAR Bonds of 3,50,000 for 4,00,000. The Period of Bond is 5 Years and Interest is payable Half yearly @ 10%.
Kindly advise the Journal Entries to be made for the Issue and Interest amortization on Straight Line Method.
morgaine300
Jul 7, 2009, 04:38 AM
Please see our guidelines for posting homework problems:
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rehmanvohra
Jul 7, 2009, 11:02 PM
I agree with morgaine300. You must follow the guidelines and report the entry(ies) that you think should be made. We are here to help you correct your errors if any and guide you accordingly.