Accounting principal 2 chapter-14
Q:- On April 1,2019 Cowell Company issued $3000000, 20 year year,ond at 95 so that investors would receive a 6% return their investments. Interest is payable semi-annually.
A) Record the Journal entry April 11, 2019
B)Record the journal entry for September 30, 2019(straight-line method of amortization)
C) same as B except use the effective interest method.
D)Record the adjusting entry Dec. 31, 2019(straight-line method)
E)Record the necessary closing entry
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