Give the general journal entry to record the April 1, 2016, bond issue Star Inc was authorized to issue $1,000,000 of 12 percent bonds On April 1, 2016, the corporation issued bonds with a face value of $200,000 at a price of 102 0 The bonds mature 10 years from the date of issue Interest is payabl...

GENERAL JOURNAL PAGE DATE DESCRIPTION POST REF DEBI ...

Give the general journal entry to record the April 1, 2016, bond issue. Star Inc. was authorized

Question:

Give the general journal entry to record the April 1, 2016, bond issue.
Star Inc. was authorized to issue $1,000,000 of 12 percent bonds. On April 1, 2016, the issued bonds with a of $200,000 at a price of 102.0. The bonds mature 10 years from the date of issue. Interest is payable semiannually on October 1 and April 1.
Star Inc. was authorized to issue $1,000,000 of 12 percent bonds. On April 1, 2016, the issued bonds with a of $200,000 at a price of 102.0. The bonds mature 10 years from the date of issue. Interest is payable semiannually on October 1 and April 1.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... 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...