On January 1, 2017, Paulsen Company issued $600,000, 6%, 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1.
Required:
Prepare journal entries on:
1. January 1, 2017
2. July 1, 2017
3. December 31, 2017, the fiscal year end
Omit explanations.

Question

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The Answer of On January 1, 2017, Paulsen Company issued $600,000, 6%, 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1.
Required:
Prepare journal entries on:
1. January 1, 2017
2. July 1, 2017
3. December 31, 2017, the fiscal year end
Omit explanations.

On January 1, 2017, Paulsen Company Issued $600,000, 6%, 5-Year