Straight-line method se5 on april 1 2014 angel corporation, Accounting Basics

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Straight-line method se5 on april 1 2014 angel corporation

straight-Line Method se5. On April 1, 2014, Angel Corporation issued $8,000,000 in 8.5 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Prepare journal entries to record the issue of the bonds by Angel on April 1, 2014, and the first two interest payments on October 1, 2014, and April 1, 2015. Use the straight-line method and ignore year-end accruals.

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Accounting Basics: Straight-line method se5 on april 1 2014 angel corporation

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