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On October 1, 2014 Bartley Corporation issued 5%, 10-year bonds with a face value of $5,000,000 at 104. Interest is paid on October 1 and
On October 1, 2014 Bartley Corporation issued 5%, 10-year bonds with a face value of $5,000,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Reference Ref 14-4 The entry to record the issuance of the bonds would include a O credit of $125,000 to Interest Payable. O credit of $200,000 to Premium on Bonds Payable. O credit of $4,800,000 to Bonds Payable. O debit of $200,000 to Discount on Bonds Payable
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