Jantz Company issued €500,000, 11%, 10-year bonds on December 31, 2010, for €460,000

Accounting Mar 11, 2021

Jantz Company issued €500,000, 11%, 10-year bonds on December 31, 2010, for €460,000. Interest is payable semiannually on June 30 and December 31. Jantz uses the straight-line method of amortization and has a calendar year end.

Instructions

Prepare the appropriate journal entries on

(a) December 31, 2010.

(b) June 30, 2011.

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