On July 1,Ball Computer Corporation issued 10-year,8%,$100,000 bonds for 97.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%,$100,000 bonds for 97.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%,$100,000 Bonds for 97