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Back to Library QID: #40405

Solution for QID #40405: on January 1, $500,000 of 8%, 10-year bonds were sold for $5 | StudyHelpMe

Subject: Accounting

Status: Verified Solution

on January 1, $500,000 of 8%, 10-year bonds were sold for $530,000, the bonds require semiannual interest payments on June 30 and December 31. what is the correct entry for recording the June 30 interest payment on the bonds? I have 20.00 in interest not sure on how to do the entry for recording.

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