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On January 1, 2015, Bochini Corporation sold a $12.0 million, 11 percent bond issue. The bonds were dated January 1, 2015, had a yield of
On January 1, 2015, Bochini Corporation sold a $12.0 million, 11 percent bond issue. The bonds were dated January 1, 2015, had a yield of 10 percent, pay interest each December 31, and mature 10 years from the date of issue. Use Table 10C.1, Table 10C.2 Required: 1. Prepare the journal entry to record the issuance of the bonds. (Enter your answers in dollars not in millions. Round your answers to the nearest dollar amount. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places view transaction list view general journal General Journal Debit Credit Date January 01, 2015 Cash Premium on bonds payable Bonds payable
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