On Janaury 31, 2016, Large Corp. issued P 3,000,000 maturity value 12% bonds for P 3,000,000 cash. The bonds are dated Dec. 31, 2015 and mature on Dec. 31, 2025. Interest is payable semiannually on June 30 and Dec. 31. What amount of accrued interest payable should be reported on Sept. 30, 2016?
On Janaury 31, 2016, Large Corp. issued P 3,000,000 maturity value 12% bonds for P 3,000,000 cash. The bonds are dated Dec. 31, 2015 and mature on Dec. 31, 2025. Interest is payable semiannually on June 30 and Dec. 31. What amount of accrued interest payable should be reported on Sept. 30, 2016?
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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10.) On Janaury 31, 2016, Large Corp. issued P 3,000,000 maturity
11.)On Janaury 31, 2016, Large Corp. issued P 3,000,000 maturity value 12% bonds for P 3,000,000 cash. The bonds are dated Dec. 31, 2015 and mature on Dec. 31, 2025. Interest is payable semiannually on June 30 and Dec. 31. What amount of accrued interest payable should be reported on Sept. 30, 2016?
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