Assume that 8% bonds with a face value of $100,000, due on December 31, 2030, were issued

Question:

Assume that 8% bonds with a of $100,000, due on December 31, 2030, were issued on December 31, 2010. Click on each selling price to see how the selling price affects the journal entry and the presentation on the issue date.

February 36,000 $ January 40,000 $ March 36,000 28,000 Salary expense Sales commissions, 5% of sales Utilities Depreciat

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...