April 10, 2021 – Alfa Issued 170,000 bonds with a nominal value of € 1.5. The issuance had a discount equal to 5%. Bonds maturity 10 years. Annual interest rate is equal to 6% to be paid into semi annual installments. Record and journalize the proper entries Alpha incurred during the year 2021 (i.e. till December 31, 2021)

April 10, 2021 – Alfa Issued 170,000 bonds with a nominal value of € 1.5. The issuance had a discount equal to 5%. Bonds maturity 10 years. Annual interest rate is equal to 6% to be paid into semi annual installments. Record and journalize the proper entries Alpha incurred during the year 2021 (i.e. till December 31, 2021)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6PA: Aggies Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...

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