Question
On January 1, DoT Inc. issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087
On January 1, DoT Inc. issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in cash proceeds. Prepare the issuer's journal entry to record the issuance of the bond.
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Fundamentals Of Entrepreneurial Finance
Authors: Marco Da Rin, Thomas Hellmann
8th Edition
0199744750, 9780199744756
