he Colson Company issued $300.000 bonds at 98 on January 1. 2017 The bonds are due January 1, 2022, with interest payable each July 1, and January 1. The Colson Companyrecords straight-line amortization semiannually Prepare Colson's Journal entry for the July 1. O Interest Expense $15.000 Cash $15 00 O Interest Expense $15.000 Interest Payable $15 000 O nterest Expense Discount on Bonds Payable $15.600 $600 $15.000 Cash Interest Expense Premium on Bonds Payable $15.000 $600 Cash $15 600
he Colson Company issued $300.000 bonds at 98 on January 1. 2017 The bonds are due January 1, 2022, with interest payable each July 1, and January 1. The Colson Companyrecords straight-line amortization semiannually Prepare Colson's Journal entry for the July 1. O Interest Expense $15.000 Cash $15 00 O Interest Expense $15.000 Interest Payable $15 000 O nterest Expense Discount on Bonds Payable $15.600 $600 $15.000 Cash Interest Expense Premium on Bonds Payable $15.000 $600 Cash $15 600
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 16E
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