Chat with us, powered by LiveChat straight-Line Methodse5. On April 1, 2014, Angel C - Writemia

straight-Line Methodse5. On April 1, 2014, Angel C

straight-Line Methodse5. On April 1, 2014, Angel Corporation issued $8,000,000 in 8.5 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Prepare journal entries to record the issue of the bonds by Angel on April 1, 2014, and the first two interest payments on October 1, 2014, and April 1, 2015. Use the straight-line method and ignore year-end accruals.

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