On October 1, 2013, Koppa Corp. issued $878,400, 9%, 10-year bonds at face value
ID: 2454789 • Letter: O
Question
On October 1, 2013, Koppa Corp. issued $878,400, 9%, 10-year bonds at face value. The bonds were dated October 1, 2013, and pay interest annually on October 1. Financial statements are prepared annually on December 31.
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Account Titles and Explanation
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Account Titles and Explanation
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Koppa Corp.
Balance Sheet (Partial)
December 31, 2013
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On October 1, 2013, Koppa Corp. issued $878,400, 9%, 10-year bonds at face value. The bonds were dated October 1, 2013, and pay interest annually on October 1. Financial statements are prepared annually on December 31.
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Explanation / Answer
On October 1, 2013, Koppa Corp. issued $878,400, 9%, 10-year bonds at face value
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