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Record the first semi-annual interest payment

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Question: Korean Corporation issued $2 million, 10-year, 6% bonds on January 1, 2015. Interest is payable semi-annually on July and January 1st

Prepare the entry to record the sale of these bonds, assuming they were issued at the below prices.

Record the first semi-annual interest payment on July 1.

a. Issued at 98.

Date Account Titles Ref. Debit Credit



































b. Issued at 103

Date Account Titles Ref. Debit Credit



































Reference no: EM131759887

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