Chapter 15 week 1 E15-17

Chapter 15 week 1 E15-17 - March 31, 2007. Date Accounts...

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E15-17             Pluto Corporation issued $400,000 of 7%, 20-year bonds payable on March 31, 2006. The bonds were issued at 100 and pay interest on March 31 and September 30. Record (a) issuance of the bonds on March 31, 2006, (b) payment of interest on September 30, (c) accrual of interest on December 31, and (d) payment of interest on
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Unformatted text preview: March 31, 2007. Date Accounts Debit Credit 3/31 Cash 400,000 Bonds Payable 400,000 9/30 Interest Expense 14,000 Interest Payable 14,000 12/31 Interest Expense 7,000 Interest Payable 7,000 3/31/07 Interest Expense 7,000 Interest Payable 7,000 Cash 14,000...
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This note was uploaded on 06/13/2011 for the course ACC 206 taught by Professor Any during the Spring '11 term at Ashford University.

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Chapter 15 week 1 E15-17 - March 31, 2007. Date Accounts...

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