Third Corporation issued $450,000 of its 6 percent bonds payable on April 1, 2022. The bonds were issued at face value. Interest is
payable semiannually on October 1 and April 1.
Required:
Prepare the entry to accrue bond interest on Third's bonds payable on December 31, 2022.
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Journal entry worksheet
Record the entry to accrue interest for three months.
Note: Enter debits before credits.
Date
Dec. 31, 2022
General Journal
Debit
Credit