A company issues a $3,000,000, 12 , five year bond that pays semiannual interest of $180,000 ($3,000,000 12 ), receiving cash of $3,146,200 Journalize the bond issuance ...

A company issues a $3,000,000, 12%, five-year bond that pays semiannual interest of $180,000 ($3,000,000 12%

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A company issues a $3,000,000, 12%, five-year bond that pays semiannual interest of $180,000 ($3,000,000 × 12% × ½), receiving cash of $3,146,200. 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 $3,000,000, 12%, five-year bond that pays semiannual interest of $180,000 ($3,000,000 12%

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