Distributes semiconductors for use by computer manufactures

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Amoruso co produces and distributes semiconductors for use by computer manufactures; amoruso co issued $7,500,000 of 15 year 10% bonds on April 1 of the current year at face value, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year, journalize the entries to record the following selected transactions for the current year?

apr 1 issued the bonds for cash at their face amount

oct 1 paid the interest on the bonds

 

dec 13 recorded accrued interest for three months

Reference no: EM13776527

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