On January 1, 2012, Almond Corporation issued $750,000 bonds with a stated interest rate of 10%, compounded semiannually. Interest is paid on January 1 and July 1 and the bonds mature in 10 years. The effective interest rate is also 10%.
Prepare the journal entries that are appropriate to account for these bonds on the following dates: January 1, 2012; July 1, 2012; December 31, 2012; and January 1, 2013.

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The Answer of On January 1, 2012, Almond Corporation issued $750,000 bonds with a stated interest rate of 10%, compounded semiannually. Interest is paid on January 1 and July 1 and the bonds mature in 10 years. The effective interest rate is also 10%.
Prepare the journal entries that are appropriate to account for these bonds on the following dates: January 1, 2012; July 1, 2012; December 31, 2012; and January 1, 2013.

On January 1, 2012, Almond Corporation Issued $750,000 Bonds with a Stated