A Company issued $480,000 of 7% bonds on January 1. İnterest is payable semiannually on July 1 and January 1. The bonds are issued at face value. . The journal entry on June 30 should include : Show your work A debit to Interest Payable for $480,000 x .07. A credit to Interest Payable for $480,000 x .07. A debit to Interest Payable for $480,000 x .07 x 6/12. A credit to Interest Payable for $480,000 x .07

A Company issued $480,000 of 7% bonds on January 1. İnterest is payable semiannually on July 1 and January 1. The bonds are issued at face value. . The journal entry on June 30 should include : Show your work A debit to Interest Payable for $480,000 x .07. A credit to Interest Payable for $480,000 x .07. A debit to Interest Payable for $480,000 x .07 x 6/12. A credit to Interest Payable for $480,000 x .07

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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