Ravine Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale

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Ravine Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jul 11, 2019 07:30 AM

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Ravine Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale

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Cash 400000 X 101 404000 Bonds ...View the full answer

Financial Accounting Tools for Business Decision Making

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