Question
Blue Spruce Corp. sold $4,000,000, 4%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and pay interest annually on January 1.
Blue Spruce Corp. sold $4,000,000, 4%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and pay interest annually on January 1. Blue Spruce Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104.
Prepare the journal entry to record the issuance of the bonds on January 1, 2019.
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Buck's The Next Step Advanced Medical Coding And Auditing
Authors: Elsevier
1st Edition
0323762778, 978-0323762779
