On august 1 2013 a company issues bonds with par value of

Reference no: EM13587150

On August 1, 2013, a company issues bonds with par value of $600,000. the bonds mature in 10 years and pay 6% annual interest, payable wach february 1 and August 1. The bonds sold at $632,000. The company uses the straight-line method of amortizing bond premiums and discounts. the company's year-end is December 31. Prepare the General journal entry to record the interest accrued at December 31, 2013.

Reference no: EM13587150

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