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Dobbin Company issued $703,200 par value, 5 year, 3% bonds on November 30,2022 . The bonds are dated July 1, 2022, and pay interest semianialy
Dobbin Company issued $703,200 par value, 5 year, 3% bonds on November 30,2022 . The bonds are dated July 1, 2022, and pay interest semianialy on June 30 and December 32 The bonds are sold at $723,803, including accrued interest, because they are sold bebwecn interest dates. The markot raie of interest on the date of sale was 15% Requirement Prepare the journal entres requied to issue the bonds on November 30, 2022, and record the first interest pasyment on Docember 31.2022 calculations and your final answers to the nearest whole dollaf)
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