Issuance of the bond, AB company issued a 10 year, 4%,

Issuance of the bond

Reference no: EM13315070

AB company issued a 10 year, 4%, $2,000,000 redeemable bond issue paying interest twice a year on December 31 and June at an effective rate of 3.6% on June 30, 2014. On September 30, 2019, AB redeemed forty percent of the bond issue at 101.
a) Prepare the following entries:
b) Issuance of the bond
c) Interest for the first two interest periods
d) Redemption of bonds

Reference no: EM13315070

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