A Company issued $480,000 of 7% bonds on January 1. Interest is payable semiannually on July 1 and January 1. The bonds are issued at face value.. The journal entry on June 30 should include : Show...

A Company issued $480,000 of 7% bonds on<br>January 1. Interest is payable semiannually on<br>July 1 and January 1. The bonds are issued at<br>face value.. The journal entry on June 30<br>should include : Show your work<br>A debit to Interest Payable for $480,000 x .07.<br>A credit to Interest Payable for $480,000 x .07.<br>A debit to Interest Payable for $480,000 x .07<br>х 6/12.<br>A credit to Interest Payable for $480,000 x .07<br>х 6/12.<br>

Extracted text: A Company issued $480,000 of 7% bonds on January 1. Interest is payable semiannually on July 1 and January 1. The bonds are issued at face value.. The journal entry on June 30 should include : Show your work A debit to Interest Payable for $480,000 x .07. A credit to Interest Payable for $480,000 x .07. A debit to Interest Payable for $480,000 x .07 х 6/12. A credit to Interest Payable for $480,000 x .07 х 6/12.

Jun 10, 2022

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A Company issued $480,000 of 7% bonds on January 1. Interest is payable semiannually on July 1 and January 1. The bonds are issued at face value.. The journal entry on June 30 should include : Show...

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