Question
14-05 14-2Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $7,600,000, 11%, 5-year bond that pays semiannual
14-05 14-2Issuing Bonds at a Premium
On the first day of the fiscal year, a company issues a $7,600,000, 11%, 5-year bond that pays semiannual interest of $418,000 ($7,600,000 11% ), receiving cash of $8,201,366.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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Microeconomics Theory And Applications
Authors: Edgar K. Browning, Mark A. Zupan
10th Edition
0470128917, 9780470128916
