Question
A $1,000,000 five-year bond is issued at 104 on an interest payment date. The coupon rate is 6%. The journal entry on the issue date
A $1,000,000 five-year bond is issued at 104 on an interest payment date. The coupon rate is 6%. The journal entry on the issue date would be: (Hint: I would advise you to write out the journal entry first before you select your answer)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
