Unformatted text preview: 2015. Instructions: (a) Prepare the journal entry on July 1, 2010. (b) The bonds are sold on November 1, 2011 at 103 plus accrued interest. Amortization was recorded by the effective interest rate method. Prepare all entries required to properly record the sale.(show the calculation)...
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- Spring '08
- Debt, 8%, $120,000, Sprinkle Co., $115,252.37