A & B Antiques issued the following bonds:
Date of issue and sale: April 1, 20-1
Principal amount: $430,000
Sale price of bonds: 100
Denomination of bonds: $1,000
Life of bonds: 10 years
Stated rate: 8%, payable semiannually on September 30 and March 31
Prepare journal entries for:
A & B Antiques issued the following bonds:
Date of issue and sale: April 1, 20-1
Principal amount: $430,000
Sale price of bonds: 100
Denomination of bonds: $1,000
Life of bonds: 10 years
Stated rate: 8%, payable semiannually on September 30 and March 31
Prepare journal entries for:
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