Question
On January 1, the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000 ($3,000,000
On January 1, the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000 ($3,000,000 11% ), receiving cash of $2,889,599.
Journalize the bond issuance.
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Excel For Auditors
Authors: Bill Jelen, Dwayne K. Dowell
1st Edition
1932802169, 978-1932802160
