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

Question

 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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