Business, 03.12.2020 21:30 lifeofabe214

Exercise 2: Journalizing bond issuance and interest payments 1. June 30 Discount $18,200

On June 30, Daughtry Limited issues 8%, 20-year bonds payable with a face value of $130,000.

The bonds are issued at 86 and pay interest on June 30 and December 31.

Requirements

1. Journalize the issuance of the bonds on June 30.

2. Journalize

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Exercise 2: Journalizing bond issuance and interest payments 1. June 30 Discount $18,200

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