Business, 02.10.2019 01:20 khaekhae10

On april 1, 2018, western communications, inc., issued 12% bonds, dated march 1, 2018, with face amount of $44 million. the bonds sold for $43.3 million and mature on february 28, 2021. interest is paid semiannually on august 31 and february 28. stillworth corporation acquired $44,000 of the bonds as a long-term investment. the fiscal years of both firms end december 31, and both firms use the straight-line method. prepare the journal entries to record (a) issuance of the bonds by western and (b) stillworth's investment on april 1, 2018

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On april 1, 2018, western communications, inc., issued 12% bonds, dated march 1, 2018, with face amo...

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