Jessica Corporation issued $4,000,000, 5-year, 8 % bonds on January 1, 2012. The bonds were issued @ 87.53785 to yield an effective market rate of 10 %. Interest is payable semiannually on July 1 and January 1. Financial statements are prepared on December 31st Prepare the entry to record the sale of these bonds on 1/1/12 Account Titles Debit Credit Moving to another question will save this response Question 2 of 6 ) 5:37 PM Type here to search