Recording bond issue and interest payment

Assignment Help Accounting Basics

Reference no: EM13259233

The kurten corporation is authorized to issue $500000 0f 8% bonds interest on the bond payable semiannually ;the bond are dated january 1,2010 and are due december 31,2015

Required

Prepare the journal entry to record the following:

April 1,2010 sold the bond par plus accrued interest

June 30,2010 first interest payment

Dec 31,2010 second interest payment

Reference no: EM13259233

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