Accounting people in here please

Discussion in '1996 - 2004 SN95 Mustang -General/Talk-' started by Mustang4119, Jun 21, 2006.

  1. 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. is this another homework question:)

  3. :)
  4. If I knew how to do it id help ya out