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On January 1, 2019, North Company issued $2,000,000 of bonds with a stated rate of 10% that are due to mature Decomber 31,2025 , and

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On January 1, 2019, North Company issued $2,000,000 of bonds with a stated rate of 10% that are due to mature Decomber 31,2025 , and pay interest gemiannually The market rate If interest was 9% at the date of issuance. Required: Prepare the joumal entry for the sale of the bonds on January 1, 2019. How does grading work

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