On July 1, Ball Computer Corporation issued 10-year, 8%, $200,000 bonds for 96. Interest is due June 30 and December 31. Prepare the journal entries to record:
a. Issuance of the bond.
b. First semiannual interest period payment including the amortization of the discount using the straight-line method.

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The Answer of On July 1, Ball Computer Corporation issued 10-year, 8%, $200,000 bonds for 96. Interest is due June 30 and December 31. Prepare the journal entries to record:
a. Issuance of the bond.
b. First semiannual interest period payment including the amortization of the discount using the straight-line method.

On July 1, Ball Computer Corporation Issued 10-Year, 8%, $200,000