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On Inet. 2021. TD Company old 3.000.000 in long-term bonds for $2.754200. The bonds wil mature in 15 years and have i campon interest rated

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On Inet. 2021. TD Company old 3.000.000 in long-term bonds for $2.754200. The bonds wil mature in 15 years and have i campon interest rated Pl and a yeld rate of 12% The bonds pay interest annually on May 31 of each year. The bonds are to be accounted for under the effective interest method Instructor Produce the journal entry bond issue Z Produce the entry for the first payment in May 31

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