1 PE 10 01 ALGO Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,600,000, 7 , 6 year bond that pays semiannual interest of $91,000 ($2,600,000 x 7 x 12), receiving cash of $2,477,994 2 PE 10 02A Journalize the bond issuance If an amount box does not require an entry, leave it blank 3 PE 10 06 ALGO 4 PE 10 07 ALGO 5 PE 11 03 ALGO 6 PE 11 05 ALGO 7 EX 11 05 8 PE 13 01 ALGO 9 PE 13 04 ALGO 10 PR 13 03 ALGO 11 PE 14 03 ALGO 12 PE 14 04 ALGO 13 EX 14 22 ALGO Previous Next Progress 11 13 items Time Remaining 3 56 26 Email Instructor Submit Test for Grading 11 14

Question

1  PE  10 01  ALGO Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,600,000, 7 , 6 year bond that pays semiannual interest of $91,000 ($2,600,000 x 7  x 12), receiving cash of $2,477,994  2  PE  10 02A Journalize the bond issuance  If an amount box does not require an entry, leave it blank  3  PE  10 06 ALGO 4  PE 10 07 ALGO 5  PE  11 03  ALGO 6  PE  11 05 ALGO 7  EX 11 05 8  PE  13 01  ALGO 9  PE  13 04 ALGO 10  PR  13 03 ALGO 11  PE 14 03 ALGO 12  PE  14 04 ALGO 13  EX 14 22 ALGO Previous Next Progress  11 13 items Time Remaining  3 56 26 Email Instructor Submit Test for Grading 11 14

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1. PE. 10-01. ALGO Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,600,000, 7%, 6-year bond

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