Pay interest semiannually


On May 1, 2010, Newby Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2010, and pay interest semiannually on May 1 and November 1. Financial statements are prepared annually on December 31.

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Accounting Basics: Pay interest semiannually
Reference No:- TGS0714629

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