Question:winslow corporation issued $600000 of 10 percent, five year bonds.
the semiannual interest payment dates are...
Question
winslow corporation issued $600000 of 10 percent, five year bonds.
the semiannual interest payment dates are...
winslow corporation issued $600000 of 10 percent, five year bonds.
the semiannual interest payment dates are february 28 and august
31. the market rate for similar investments was 11 percent. the
bonds were issued at a discount of $24335. the companys fiscal year
ends february 28.
prepare the journal entries for the following:
record the bond issue on march 1,2019
the payment of interest, and the amountization of the discount
on august 31, 2019 and on february 29, 2020