Record the payment of semiannual interest

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Question - On January 31, 2018, LogoLogistics, Inc., issued ten-year, 2% bonds payable with a face value of $12,000,000. The bonds were issued at 95 and pay interest on January 31 and July 31. Logo Logistics amortizes bond discounts using the straight-line method.

a. Record the issuance of the bond payable on January 31, 2018.

b. Record the payment of semiannual interest and amortization of bond discount on July 31, 2018.

c. Record the interest accrual and discount amortization on December 31, 2018.

Reference no: EM132158578

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