On January 1,2013,Davie Services Issued $20,000 of 8% Bonds That $$\begin{array} { | l | l | l | } \hline & & \\\hline & & \\\hline\end{array}$$

question 20

Essay

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.
$$\begin{array} { | l | l | l | } \hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Dollar Value

The monetary worth or price of a good, service, or financial instrument, often influenced by factors like demand, supply, and market conditions.

Inventory Value

The total cost or market price of all the goods and materials held by a company at a given time.

Cost of Lost Sales

The potential revenue lost when a business cannot meet customer demand due to inventory shortages or other operational failures.

Transportation Service

Services that provide the movement of people or goods from one location to another, utilizing various modes such as trucks, ships, airplanes, or trains.