Mahoney Sales_Issue of bonds at discount

$2.00

Description

On January 2, 2014, Mahoney Sales issued $10,000 in bonds for
$9,400. They were 5-year bonds with a stated rate of 4%, and pay semi-annual
interest payments. Mohoney Sales uses straight line method to amortize bond
discount. Please provide the journal entry for the bond issuance and first
interest payment including the amortization of the discount.

Reviews

There are no reviews yet.

Be the first to review “Mahoney Sales_Issue of bonds at discount”

Your email address will not be published. Required fields are marked *