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on January 1 2018 broad rock road inc issued 5% 3 year bonds 1. On January 1, 2018, Broa ary 1, 2018, Broad Rock Road,
on January 1 2018 broad rock road inc issued 5% 3 year bonds 1. On January 1, 2018, Broa ary 1, 2018, Broad Rock Road, Inc. issued 5%, 3- ar bonds with a par value of $6,500,000. The bonds pay semi-annually. The market rate of interest is 6.5% and the bonds selling price was $5,800,000. S,800,000 a) Provide the journal entry for the bond issuance. 1/1 cash 5,800,000 5,800,00 p b)Provide the journal entry for the first interest payment on June 30, 2018. $..800 lll interst expense 377,000 c) Provide the journal entry for the last intere payment on December 31, 2020 and the r of the bonds. Please make this in two jour
on January 1 2018 broad rock road inc issued 5% 3 year bonds
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