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Question - Prepare journal entries to record the following transactions related to long-term bonds of Sunland Co.
On April 1, 2019, Sunland issued $2,040,000, 9% bonds for $2,194,497 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029.
On July 1, 2021 Sunland retired $612,000 of the bonds at 102 plus accrued interest. Sunland uses straight-line amortization.
on january 1 2013 applied technologies corporation atc issued 500000 in bonds that mature in 10 years. the bonds have a
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