On January 1,2013,Davie Services issued $20,000 of 8% bonds that mature in five years.They were issued at par-for the same amount as the face value.On January 1,2018,when the bonds mature,Davie Services will make the final principal payment.Please provide the journal entry for that payment.
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Question

On January 1,2013,Davie Services issued $20,000 of 8% bonds that mature in five years.They were issued at par-for the same amount as the face value.On January 1,2018,when the bonds mature,Davie Services will make the final principal payment.Please provide the journal entry for that payment.
 $$\begin{array} { | l | l | l | } 
\hline & & \
\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On January 1,2013,Davie Services issued $20,000 of 8% bonds that mature in five years.They were issued at par-for the same amount as the face value.On January 1,2018,when the bonds mature,Davie Services will make the final principal payment.Please provide the journal entry for that payment.
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\end{array}$$

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