Unformatted text preview: (b) Prepare the journal entry that Erik would record on each interest date. (c) Prepare the journal entry that Erik 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, 8%, Erik, $100,000, 4-year, Erik Food Supply Company