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    meganbusch20's Avatar
    meganbusch20 Posts: 2, Reputation: 1
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    #1

    Apr 5, 2008, 07:16 PM
    Issurance of bonds
    On January 1st, the first day of the current fiscal year, $4,000,000 of 10-year, 7% bonds, with interest
    Payable semi-annually, were sold for $4,125,000. Present entries to record the following transactions
    For the current fiscal year:

    (a) Issuance of the bonds.
    (b) First interest payment July 1
    (c) End of year interest payment.
    (d) Interest payment for July 1 of the 2nd year.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 6, 2008, 12:27 PM
    Please see here for our guidelines on posting homework problems:

    https://www.askmehelpdesk.com/math-s...board-b-u.html
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