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Landings Glassware Company issues $1,047,000 of 8%, 10-year bonds at 97 on February 28, 2019. The bonds pay interest on February 28 and August 31.

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Landings Glassware Company issues $1,047,000 of 8%, 10-year bonds at 97 on February 28, 2019. The bonds pay interest on February 28 and August 31. The joumal entry to record the issuance includes a A. debit to Cash for $1,047.000 OB. credit to Discount on Bonds Payable for $31,410 OC. debit to Cash for $1,015,590 OD. credit to Bonds Payable for $1,015,590

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