On April 1,2020,Eiche Company issues $2,500,000 of 6%,5-year bonds,with interest payments made each October 1 and April 1.The bonds are issued at 98.Eiche Company amortizes any premium or discount using the straight-line method.
Required:
Prepare journal entries on the following dates:
1.April 1,2020.
2.October 1,2020.
3.December 31,2020,the fiscal year end.
Omit explanations.
Correct Answer:
Verified
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