Issuing Bonds at a Premium

On the first day of the fiscal year, a company issues a $1,900,000, 12%, 8-year bond that pays semiannual interest of $114,000 ($1,900,000 12% ), receiving cash of $2,220,170.

Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $1,900,000, 12%, 8-year bond that pays semiannual interest of $114,000 ($1,900,000 x 12% x 12), receiving cash of $2,220,170. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Accounts Payable Bonds Payable Cash Discount on Bonds Payable Interest Expense Interest Payable