Question
Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued
Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,958,394. |
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1. | Prepare the January 1, 2015, journal entry to record the bonds issuance.
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