UTEXIRWA Ltd Company issues at par 10-year term bonds with a par value of Frw400,000,00 Odated January 1, 2010, and bearing interest at an annual rate of 10 percent payable semiannual lyon January 1 and July 1. Bonds were issued at at 95% of par. Requirements: 1. Make initial journal entry 2. Present the extract of bonds payable account in the statement of financial position December 31, 2010

UTEXIRWA Ltd Company issues at par 10-year term bonds with a par value of Frw400,000,00 Odated January 1, 2010, and bearing interest at an annual rate of 10 percent payable semiannual lyon January 1 and July 1. Bonds were issued at at 95% of par. Requirements: 1. Make initial journal entry 2. Present the extract of bonds payable account in the statement of financial position December 31, 2010

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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