Prepare the journal entry to record issuance of the bonds

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Reference no: EM131205677

On January 1, 2017, Forrester Company issued $519,500, 8%, 5-year bonds at face value. Interest is payable annually on January 1.

Prepare the journal entry to record the issuance of the bonds.

Prepare the journal entry to record the accrual of interest on December 31, 2017.

Prepare the journal entry to record the payment of interest on January 1, 2018.

Reference no: EM131205677

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Prepare the journal entry to record issuance of the bonds : On January 1, 2017, Forrester Company issued $519,500, 8%, 5-year bonds at face value. Interest is payable annually on January 1. Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry to record the accrual of intere..

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