Question
ABC Company issued $100,000 (face value) of bonds with the following details; They mature in 1 year The stated interest rate is 8 The market
ABC Company issued $100,000 (face value) of bonds with the following details;
They mature in 1 year
The stated interest rate is 8
The market interest rate is 10%
What is the journal entry to record the issuance of the bonds on ABC Company's books?
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Accounting Information Systems Controls And Processes
Authors: Leslie Turner, Andrea B Weickgenannt, Mary Kay Copeland
4th Edition
1119577810, 9781119577812
