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On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 101. Interest is payable annually on January 1. Pass journal entry Cinco Corporation
On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 101. Interest is payable annually on January 1. Pass journal entry Cinco Corporation will record on January 1, 2030.
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Date January 1 2030 Account Title Debit Credit Cash 5757000 Premium on Bonds ...
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
