Final Flashcards
1
Q
What is the journal entry to retire debt when serial bonds are paid?
A
DR - Serial Bonds
CR - Reserve for Amortization
2
Q
What form is the self liquidating calculation done on?
A
Annual Debt Statement
What is the journal entry to retire debt when serial bonds are paid?
DR - Serial Bonds
CR - Reserve for Amortization
What form is the self liquidating calculation done on?
Annual Debt Statement