Semi-annual interest payments


On october 1, 2012, marcus corporation purchased $20,000 of 6% bonds of roberts corporation, due in 8 1/2 years. the bonds were purchased at a price of $17,561 plus interest of $300 accrued from July 1, 2012, the date of the last semi-annual interest payments. jounalize the purchase.

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Accounting Basics: Semi-annual interest payments
Reference No:- TGS054450

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