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(Solved): S14-6 Journalizing bond transactions Learning Objective 3   Piper Company issued a $800,000, ...



S14-6 Journalizing bond transactions

Learning Objective 3

 

Piper Company issued a $800,000, 8%, 10-year bond payable at face value on January 1, 2016.

 

Requirements

Journalize the issuance of the bond payable on January 1, 2016.

Journalize the payment of semiannual interest on July 1, 2016.



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Part-1) Journal entry on issuance of bonds
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