56 on january 1 20xx edward company issued 100 000 10 year 8 bonds at face values th 4303397
56) On January 1, 20XX, Edward Company issued $100,000, 10-year, 8% bonds at face values. The bonds have semiannual interest payments on June 30 and December 31. Record the 20XX journal entries.
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57) On March 1, 20XX, Jones Company issued $100,000, 10-year, 6% bonds at face value. The bonds have semiannual interest payments on June 30 and December 31. Record the 20XX journal entries.
Answer:
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58) What is the difference between a secured bond and a debenture bond?