Unformatted text preview: (b) Prepare the journal entry that Horton would record on each interest date. (c) Prepare the journal entry that Horton would record at maturity of the bonds. (d) How much cash flowed "in" and "out" on this bond issue, and how does the difference compare to total interest expense that was recognized?...
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- Spring '11
- Accounting, $100,000, Horton Micro Chip Company, Horton Micro Chip