Schlitterbahn Waterslide Company issued 36,000, 10-year, 4 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. Record the issuance of 36,000 bonds at face value for $100 each.
Schlitterbahn Waterslide Company issued 36,000, 10-year, 4 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. Record the interest payment on December 31.
how would the journal entries look for these two transactions?
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