Bonds Payable-Issued Between Interest Dates

question 178

Essay

Bonds payable-issued between interest dates
Barney Corporation received authorization on December 31,Year 1,to issue $2,500,000 of 6%,10-year bonds.The interest payment dates are June 30 and December 31.All the bonds were issued at a price of 100,plus accrued interest,on February 28,Year 2,two months after the authorization of the bond issue. (d)Prepare the journal entry at February 28,Year 2,to record the issuance of the bonds.
(e)Prepare the journal entry at June 30,Year 2 to record the first semiannual interest payment on the bonds.

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Definitions:

Parenting Style

The manner in which parents raise their children, including disciplinary strategies, warmth, and communication patterns.

Family Constellation

A psychotherapeutic method that explores the relationships and emotional bonds within a family or group, aiming to uncover and resolve issues rooted in family dynamics.

Encouragement

The process of providing encouragement, faith, or optimism to an individual.

Psychoeducation

The process of educating individuals about psychological concepts, disorders, and treatments, aiming to increase understanding and facilitate coping.