Question
Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $4,700,000, 10%, 8-year bond that pays semiannual interest
Issuing Bonds at a Premium
On the first day of the fiscal year, a company issues a $4,700,000, 10%, 8-year bond that pays semiannual interest of $235,000 ($4,700,000 10% ), receiving cash of $5,552,637.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
| fill in the blank 2 | fill in the blank 3 | ||
| fill in the blank 5 | fill in the blank 6 | ||
| fill in the blank 8 | fill in the blank 9 |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
9780077506902, 78025540, 77506901, 978-0078025549
