Journalizing the entries, On January 1, 20xx, Alpha

Journalizing the entries

Assignment Help Accounting Basics

Reference no: EM13151894

On January 1, 20xx, Alpha Corporation issued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries:

a) Issued the bonds.

b) Paid semiannual interest payments

c) Retirement of bonds, assuming interest expense is up-to-date.

Reference no: EM13151894

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