On January 1 (the authorization date) of the current year, GoldenEye Company issues $500,000 of 9% bonds

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On January 1 (the authorization date) of the current year, GoldenEye Company issues $500,000 of 9% bonds at 103. These bonds pay interest on June 30 and December 31. Prepare the journal entry to record the issuance of the bonds.

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Intermediate Accounting

ISBN: 978-0324659139

11th edition

Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones

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Question Posted: Dec 09, 2013 08:56 AM

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On January 1 (the authorization date) of the current year, GoldenEye Company issues $500,000 of 9% bonds

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Intermediate Accounting

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