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Slarlight Insurance Corp. issued $900,000 of 4.75 percent, 14-year bonds at the market price of 94 00 Record the journal entry for the issuance

Slarlight Insurance Corp. issued $900,000 of 4.75 percent, 14-year bonds at the market price of 94 00 Record the journal entry for the issuance of the bonds on April 1 Include an explanation. Record the journal entry for the issuance of the bonds. Include an explanation (Record debits first, then credits. Select the explanation on the Journal Entry Date Accounts Debit Credit Apr 1

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