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Posted on May 18, 2024

ABC Company issued 1 5 - year, $ 2 , 0 0 0 , 0 0 0 face value bonds on January 1 , 2

ABC Company issued

15 -

year, $

2, 000, 000

face value bonds on January

1, 20

1 .

The interest rate is

5 %

with semi

-

annual payments on June

30

and December

31 .

Racer, Inc.

'

s journal entry on June

30, 20

1

includes a:

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