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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Saltville Hospital issued $1 million of five-year, 6 percent bonds at 100 percent and accrued interest on August 1, 20X1. Issue costs were $56,000. Interest is payable semiannually, on April 1 and October 1. The maturity date of the bonds is April 1, 20X6. On February 1, 20X2, $200,000 of these bonds are reacquired at 98 percent and accrued interest.
Required: Prepare entries to record all matters relating to the bond issue from August 1, 20X1, through February 1, 20X2.
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