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On October 1,2020 Bartley Corporation issued 5%,10-year bonds with a face value of $8.000,000 at 102. Interest is paid on October 1 and April 1,
On October 1,2020 Bartley Corporation issued 5%,10-year bonds with a face value of $8.000,000 at 102. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include a - credit of $160,000 to Premium on Bonds Payable. credit of $320,000 to Premium on Bonds Payable. credit of $7,843,187 to Bonds Payable. debit of $320000 to Discount on Bonds Payable
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