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.
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  2. Dope 97GT

    Dope 97GT New Member

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    is this another homework question:)
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  3. Mustang4119

    Mustang4119 New Member

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    :)
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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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