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    ACCOUNTGURU's Avatar
    ACCOUNTGURU Posts: 1, Reputation: 1
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    #1

    Jul 7, 2009, 02:16 AM
    Journal Entries for Issue of PAR Bonds
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 7, 2009, 04:38 AM

    Please see our guidelines for posting homework problems:

    Ask Me Help Desk - Announcements in Forum : Homework Help
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #3

    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.
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