Venture Company issued $900,000, 10%, 20-year bonds on January 1, 2018, at 103. Interest is payable annually on January 1. Venture uses the straight-line method of amortization and has a calendar year end.
Instructions
Prepare all journal entries made in 2018 related to the bond issue.

Question

Quizplus · Accepted Answer

The Answer of Venture Company issued $900,000, 10%, 20-year bonds on January 1, 2018, at 103. Interest is payable annually on January 1. Venture uses the straight-line method of amortization and has a calendar year end. Instructions Prepare all journal entries made in 2018 related to the bond issue.

Venture Company Issued $900,000, 10%, 20-Year Bonds on January