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Help Save & Exit Subr Required information [The following information applies to the questions displayed below.) A company issues $280,000 of 13%, three-year bonds dated
Help Save & Exit Subr Required information [The following information applies to the questions displayed below.) A company issues $280,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $286,895. When the market rate is 12%. Use the effective interest method. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance, View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $280,000 on January 1, 2019 at an issue price of $286,895. Note: Enter debits before credits Date General Journal Debit Credit January 01
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