The Tamarisk Company issued $310,000 of 12% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest p...
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The Tamarisk Company issued $310,000 of 12% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 102.
Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Tamarisk Company records straight-line amortization semiannually.