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A company issued 10 year 9% bonds with a par value of 500,000 when the market rate was 9.5%. The issuer received $477,087 in cash
A company issued 10 year 9% bonds with a par value of 500,000 when the market rate was 9.5%. The issuer received $477,087 in cash proceeds. Prepare the issuers journal entry to record the bond issuance.
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Accounting Best Practices
Authors: Steven M. Bragg
3rd Edition
0471444286, 978-0471444282
