On April 30, 2019, Aggie Corporation purchased Smith Corporation 10%, 5-year bonds with a face value...
On April 30, 2019, Aggie Corporation purchased Smith Corporation 10%, 5-year bonds with a face value of $12,000 at par plus four months of accrued interest. Assume that on June 30, Aggie received interest on the Smith Corporation bonds.
Required:
| Prepare the June 30 journal entries to record the receipt of the interest. (2) |
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On April 30, 2019, Aggie Corporation purchased Smith Corporation
10%, 5-year bonds with a face value...
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Pinkerton Corporation issued $4,000,000 of 6%, 20-year bonds payable at par value on January 1, 2016. Interest is payable each June 30 and December 31. Required: a The bonds were sold at their face va...
Pinkerton
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Pinkerton
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