Preparejournalentries forthefollowing a theis s uanc

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Unformatted text preview: erest Paym ent = $ 76,500 2. Prepare journal entries for the following. a. The is s uanc e of bonds on J anuary 1, 2011. Date jan. 1, 2011 General Journal Cas h Debit Credit 1,700,000 Bonds pay able 1,700,000 b. The firs t interes t pay ment on J une 30, 2011. (Do not round interm ediate calculations.) Date J un. 30, 2011 General Journal Debit Bond interes t ex pens e Credit 76,500 Cas h 76,500 c . The s ec ond interes t pay ment on Dec ember 31, 2011. (Do not round interm ediate calculations.) Date Dec . 31, 2011 General Journal Bond interes t ex...
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This document was uploaded on 03/03/2014 for the course MGMT ACCOU 2300 at Rensselaer Polytechnic Institute.

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