A company issues a $5,000,000, 11 , five year bond that pays semiannual interest of $275,000 ($5,000,000 11 ), receiving cash of $5,193,030 Journalize the bond issuance ...

A company issues a $5,000,000, 11%, five-year bond that pays semiannual interest of $275,000 ($5,000,000 11%

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A company issues a $5,000,000, 11%, five-year bond that pays semiannual interest of $275,000 ($5,000,000 × 11% × ½), receiving cash of $5,193,030. Journalize the bond issuance.

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: Sep 05, 2011 07:21 AM

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A company issues a $5,000,000, 11%, five-year bond that pays semiannual interest of $275,000 ($5,000,000 11%

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