On January 1,2014,Paulsen Company issued $600,000,6%,5-year bonds at face value.Interest is payable semiannually on July 1 and January 1.
Required:
Prepare journal entries on:
1.January 1,2014
2.July 1,2014
3.December 31,2014,the fiscal year end
Omit explanations.

Question

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The Answer of On January 1,2014,Paulsen Company issued $600,000,6%,5-year bonds at face value.Interest is payable semiannually on July 1 and January 1.
Required:
Prepare journal entries on:
1.January 1,2014
2.July 1,2014
3.December 31,2014,the fiscal year end
Omit explanations.

On January 1,2014,Paulsen Company Issued $600,000,6%,5-Year Bonds at Face Value