On August 1,2010,a Company Issues Bonds with a Par Value

question 47

Essay

On August 1,2010,a company issues bonds with a par value of $600,000.The bonds mature in 10 years and pay 6% annual interest,payable each February 1 and August 1.The bonds sold at $632,000.The company uses the straight-line method of amortizing bond premiums.The company's year-end is December 31.Prepare the general journal entry to record the interest accrued at December 31,2010.

---

Definitions:

Global Workforce

The international labor pool comprised of employees working in different countries, highlighting the diversity and globalization of business operations.

Expertise

Specialized knowledge or skills in a particular field or discipline, attained through education, training, or practical experience.

Organizational Strategies

Plans and actions that an organization undertakes to achieve its mission and long-term objectives.

Human Resource Management

The process of attracting, developing, and maintaining a talented workforce.