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Posted on Aug 14, 2024

On january 1 . 2 0 2 4 lewis company issued $ 6 0 0 , 0 0 0 , 6 % , 1 6

On january

1 . 2024

lewis company issued $

600, 000, 6 %, 16 -

year bonds with semi annual interest payments. The bonds were issued to yield an effective rate of

8 % .

Determine The proceeds

(

amount recieved

)

from bonds issue abd prepare the journal entry to record the issue of the bonds

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