On June 30, Police Company issues 6 % , 10 -year bonds payable with at face value of $ 100 comma 000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31.
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Home » Business » On June 30, Police Company issues 6 % , 10 -year bonds payable with at face value of $ 100 comma 000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2.