What are the various entries on balance sheet for johnson

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Problem 1: On June 30, 2014 Johnson & Sons issued a 5-year $10,000 bond bearing 10% annual interest, paid semi-annually (the market rate is also 10%). What are the various entries on the Income Statement and Balance Sheet for Johnson & Sons for full-year 2014 (year-end is December 31, 2014)?

Reference no: EM132751135

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