On January 1,20X3,Middleton Industries issued $5 million of 5-year,9% debentures at par which are dated as of January 1,20X3.
Prepare the journal entries to record the
(a)issuance of the bonds.
(b)the first semi-annual interest payment.
(c)the payment of maturity value.

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The Answer of On January 1,20X3,Middleton Industries issued $5 million of 5-year,9% debentures at par which are dated as of January 1,20X3.
Prepare the journal entries to record the
(a)issuance of the bonds.
(b)the first semi-annual interest payment.
(c)the payment of maturity value.

On January 1,20X3,Middleton Industries Issued $5 Million of 5-Year,9% Debentures