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Issuance of Long-Term Debt Anne Corp. issued $416,000, 5% bonds. Required: Provide the necessary journal entry to record the issuance of these bonds assuming: a.
Issuance of Long-Term Debt
Anne Corp. issued $416,000, 5% bonds.
Required:
Provide the necessary journal entry to record the issuance of these bonds assuming:
a. The bonds were issued at par.
| Cash | |||||||||||||||||||
| Bonds Payable | |||||||||||||||||||
| Record issuance of bond at par |
The bonds were issued at 102.
|
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