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Bonds Are Issued for $100,000 at Face Value on September

Question 87

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Bonds are issued for $100,000 at face value on September 1. The stated interest is 12% and interest is paid on September 1 and March 1. What is the adjusting entry on December 31? (Do not round any intermediate calculations. Round your final answer to the nearest dollar.) Bonds are issued for $100,000 at face value on September 1. The stated interest is 12% and interest is paid on September 1 and March 1. What is the adjusting entry on December 31? (Do not round any intermediate calculations. Round your final answer to the nearest dollar.)

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