A company issues a $1,000,000, 10 , ten year bond that pays semiannual interest of $50,000 ($1,000,000 10 ), receiving cash of $1,065,040 Journalize the bond issuance ...

A company issues a $1,000,000, 10%, ten-year bond that pays semiannual interest of $50,000 ($1,000,000 10%

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A company issues a $1,000,000, 10%, ten-year bond that pays semiannual interest of $50,000 ($1,000,000 × 10% × ½), receiving cash of $1,065,040. Journalize the bond issuance.

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Accounting

ISBN: 978-0324401844

22nd Edition

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

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Question Posted: Jul 17, 2012 01:15 AM

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A company issues a $1,000,000, 10%, ten-year bond that pays semiannual interest of $50,000 ($1,000,000 10%

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