When Financial Statements Are Prepared Between Interest Dates
{"Image DocumentName": "When Financial Statements Are Prepared Between Interest Dates", "Image ImageDescription": "Recall the entries we prepared on June 30, These entries will not change. Masterwear - Issuer. Let\u2019s assume that both the issuer and investor have year ends of September 30. Let\u2019s begin the accounting process by looking at the journal entries at June 30, Masterwear will debit interest expense for  46,664, credit Discount on Bonds Payable for  4,664, and credit cash for  42,000. United, will debit cash for  42,000, debit Discount on Bond Investment  4,664, and credit interest revenue for  46,664. United - Investor.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}