On january 1 2015 ripstick park issues 850000 of 8 bonds, Financial Accounting

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On january 1 2015 ripstick park issues 850000 of 8 bonds

On January 1, 2015, Ripstick Park issues $850,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $850,000.

Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015

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Financial Accounting: On january 1 2015 ripstick park issues 850000 of 8 bonds

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Financial Accounting: On january 1 2015 ripstick park issues 850000 of 8 bonds

Reference No:- TGS01105612

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