Question
On December 31, 2015, when the market rate was 8%, Olde West Corp issued $2,000,000, 10%, 5-year bonds. Interest is payable semiannually on June 30
On December 31, 2015, when the market rate was 8%, Olde West Corp issued $2,000,000, 10%, 5-year bonds. Interest is payable
semiannually on June 30 and December 31.Prepare the journal entry to record the issuance of the bonds.
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Brian Zwicker
12th Canadian edition
133133230, 978-0133133233
