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:

Fundamental Rights

Basic human rights that are recognized and protected by law, often guaranteed by a country's constitution.

Distributive Justice

A principle concerned with the fair allocation of resources among diverse members of a community.

Communal Biases

prejudices or tendencies to judge others based on the characteristics or stereotypes of their community or social group.

Gender Biases

Prejudiced actions or thoughts based on traditional stereotypes or roles related to gender.