This preview shows page 1. Sign up to view the full content.
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?...
View Full Document
This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11