Hup Seng, Bhd authorizes the issuue of $2 million of 8%, 20-year-bonds payable. The semi-annual interest dates are 31 March and 30 September. The bonds are issue through an underwriter on 31 March 2003, at par
Required:
1- journalize the following transactions
a) inssuance of the bonds on 31 March 2003
b) payment of interest on 30 September 2003
c) accrual of interest on 31 December 2003
d) payment of interest on 31 March 2004
2 - report interest payable and bonds payable as they would appear on the Hup Seng balance sheet at 31 December 2003
E đang cần rất gấp mong mọi người giup e với. E xin cảm ơn nhìu
Required:
1- journalize the following transactions
a) inssuance of the bonds on 31 March 2003
b) payment of interest on 30 September 2003
c) accrual of interest on 31 December 2003
d) payment of interest on 31 March 2004
2 - report interest payable and bonds payable as they would appear on the Hup Seng balance sheet at 31 December 2003
E đang cần rất gấp mong mọi người giup e với. E xin cảm ơn nhìu