On january 1 2009 schultz corporation issued 100000 of its


On January 1, 2009, Schultz Corporation issued $100,000 of its ten-year, 6% bonds payable at $98,000. The bonds were dated January 1, 2009, and interest is paid each December 31. A. Give the entry for the sale of the bonds. B. Give the entry to record the first interest payment. Assume straight-line amortization.

 

 

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Financial Accounting: On january 1 2009 schultz corporation issued 100000 of its
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