a.
Concept Introduction:
Journalizing: In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.
To prepare: The journal for recording bond issue.
b.
Concept Introduction:
Amortization: Amortization refers to the method of accounting which lower down the book amount or book value of any loan or any intangible asset over the time period.
To prepare: The amortization table for the bond issue.
c.
Concept Introduction:
Journalizing:
In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.
To prepare:The journal for recording first interest payment.
d.
Concept Introduction:
Journalizing:
In accounts, for keeping records of all the business transactions properly, journalizing is being done for the transactions. Thus, it helps to track the transactions in chronological order as well as to maintain the records too.
To prepare: The journal for recording conversion of bond.
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