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Prepare the entry to record the sale of these bonds

Prepare the entry to record the sale of these bonds 



Ex. 1
Taylor Corporation issued $2 million, 10-year, 6% bonds on January 1, 2011.

Instructions
Prepare the entry to record the sale of these bonds , assuming they were issued at
(a)	98.
(b)	103.


Ex. 2
On January 1, 2011, Lang Corporation issued $900,000, 8%, 10-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Lang Corporation has a calendar year end.

Instructions
Prepare all entries related to the bond issue for 2011.



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20 Apr 2016

Answers (1)

  1. Genius

    Prepare the entry to record the sale of these bonds

    Prepare the entry to record the sale of these bonds Prepare the entry to ****** ******
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