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Make the journal entries to record the issuance of the bonds

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Reference no: EM132888799

Problem - Straight-Line Discount Amortization - Bryan Company issued $500,000 of 10% face value bonds on January 1, 2019, for $486,000. The bonds are due December 31, 2021, and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method.

Required - Make the journal entries to record the issuance of the bonds and the first two interest payments.

Reference no: EM132888799

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