Journal entries to record the issue of the bonds by angel

Reference no: EM131124887

straight-Line Method se5. On April 1, 2014, Angel Corporation issued $8,000,000 in 8.5 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Prepare journal entries to record the issue of the bonds by Angel on April 1, 2014, and the first two interest payments on October 1, 2014, and April 1, 2015. Use the straight-line method and ignore year-end accruals.

Reference no: EM131124887

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Journal entries to record the issue of the bonds by angel : straight-Line Method se5. On April 1, 2014, Angel Corporation issued $8,000,000 in 8.5 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Prepare journal entries to record the issue of the bonds by An..

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