APL Enterprises required an infusion of cash in order to purchase a large piece of equipment. To

Question:

APL Enterprises required an infusion of cash in order to purchase a large piece of equipment. To finance its equipment purchase, APL issued $3,600,000 of 8% bonds payable.
Required:
Prepare the necessary journal entries to record the issuance of the bonds assuming the bonds were issued (a) at par, (b) at 102, and (c) at 97.

Fantastic news! We've Found the answer you've been seeking!