Bond journal entries, Crow Co. issued 493,000 of 10%, 20

Bond journal entries

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Reference no: EM1356998

Crow Co. issued 493,000 of 10%, 20 yr. bonds on Jan, 1, 2010, at face value. Interest is payable annually on Jan. 1.

Prepare journal entries to record the last of the following events:

a) Jan 1 ~ Issuance of the bonds

b) Dec 31 ~ accrual interest on Dec. 31,2010

c) Payment of interest on Jan. 1, 2011

d) Redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Reference no: EM1356998

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