Correction of Journal Entry for Bond Interest Payment by Homework Help Classof1

Correction of Journal Entry for Bond Interest Payment

byHomework Help Classof1

Kobo ebook | July 4, 2013

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Pima Company acquires 50, 10%, 5 year, $1,000 Community bonds on January 1, 2008 for $51,250. This includes a brokerage commission of $1,250. Assume Community pays interest on January 1 and July 1, and the July 1 entry was done correctly. The journal entry at December 31, 2008 would include a credit to

Title:Correction of Journal Entry for Bond Interest PaymentFormat:Kobo ebookPublished:July 4, 2013Publisher:Classof1Language:English

The following ISBNs are associated with this title:

ISBN:9990006003253

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