Question:
On the first day of the fiscal year a company issues a 580
Last updated: 1/27/2023
On the first day of the fiscal year a company issues a 580 000 8 10 year bond that pays semiannual interest of 23 200 580 000 x 8 x 1 2 receiving cash of 609 000 Journalize the entry for the first interest payment and amortization of premium using the straight line method f an amount box does not require an entry leave it blank Interest Expense Premium on Bonds Payable 23 200 29 000