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In order to finance expansion into other states, Mike has decided that Arrest My Pest will issue $100,000 of two year 4% coupon bonds. The
In order to finance expansion into other states, Mike has decided that Arrest My Pest will issue $100,000 of two year 4% coupon bonds. The market rate today is 6%. The bonds make monthly interest payments. Arrest My Pest receives the cash raised from the bond today, and coupon payments are due on the last day of each month.
what is the journal entry?
bond issuance
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall
4th Canadian Edition
0131971905, 978-0131971905
