On January 1, 2020, Ultra Vision Corp. issued $1,200,000 of 20-year 8% bonds that pay interest semiannually
Question:
On January 1, 2020, Ultra Vision Corp. issued $1,200,000 of 20-year 8% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at
(1) 98;
(2) 102.
Journalize the issuance of the bonds at 98 and 102.
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1 Journal entry 2020 Jan 1 Cash 1176000 Discount on Bonds Payable 2...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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