On January 2,2014,Mahoney Sales Issued $10,000 in Bonds for $9,400 $$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline\end{array}$$

question 149

Essay

On January 2,2014,Mahoney Sales issued $10,000 in bonds for $9,400.They were 5-year bonds with a stated rate of 4%,and pay semiannual interest payments.Mahoney Sales uses straight-line method to amortize bond discount.Please provide the journal entry for the first interest payment on June 30,2014.
$$\begin{array} { | l | l | l | } \hline \quad\quad& \quad&\quad \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

White Culture

A term that can refer to the social norms, values, and practices traditionally associated with white people from Western or European ancestry.

National Origins Act

A United States federal law enacted in 1924 that limited the number of immigrants who could be admitted from any country based on the number of people from that country who were already living in the U.S.

Immigration Quotas

Limits set by a country on the number or nationality of immigrants allowed to enter each year.

1890 Census

The United States federal census conducted in 1890, which notably included the first use of Herman Hollerith's mechanical tabulating machines, marking a significant advancement in data processing.