ACC 206 - Ashford -Chapter 15 week 1 E15-17 - 91079

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Chapter 15 week 1 E15-17..Pluto Corporation issued $400,000 of 7%, 20-year bonds payable on March 31, 2006. The bonds were issued at 100 and pay interest on March 31 and September 30.
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Record (a) issuance of the bonds on March 31, 2006, (b) payment of interest on September 30, (c) accrual of interest on December 31, and (d) payment of interest on March 31, 2007.

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