A company issues a ($ 2,000,000,12 %), five-year bond that pays semiannual interest of ($ 120,000) (left($
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A company issues a \(\$ 2,000,000,12 \%\), five-year bond that pays semiannual interest of \(\$ 120,000\) \(\left(\$ 2,000,000 \times 12 \% \times \frac{1}{2}\right)\), receiving cash of \(\$ 2,154,429\). Journalize the bond issuance.objs. 2, 3
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Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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