On January 1 2020 Forrester Company issued 400 000 8 5 year bonds at face value Interest is payab...

On January 1, 2020, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable annually on January 1.InstructionsPrepare journal entries to record the following.a. The issuance of the bonds.b. The accrual of interest on December 31, 2020.c. The payment of
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