Accounting people in here please

Discussion in '1996 - 2004 SN95 Mustang -General/Talk-' started by Mustang4119, Jun 22, 2006.


  1. Mustang4119

    Mustang4119 New Member

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    On the first day of the current fiscal year, 1,500,00 of 10-year, 8% bonds, with interest payable semiannually, were sold for 1,225,000. Present entries to record the following transactions for the current fiscal year:

    (a) Issuance of the bonds
    (b) First Semiannual interest payment
    (c) Amortization of bond discount for the year, using the straight line method of amortization.
  2. Dope 97GT

    Dope 97GT New Member

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    is this another homework question:)
  3. Mustang4119

    Mustang4119 New Member

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    :)
  4. Dope 97GT

    Dope 97GT New Member

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    If I knew how to do it id help ya out

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