Question
On the first day of the fiscal year, a company issues a $8,600,000, 6%, 4-year bond that pays semiannual interest of $258,000 ($8,600,000 6% ),
On the first day of the fiscal year, a company issues a $8,600,000, 6%, 4-year bond that pays semiannual interest of $258,000 ($8,600,000 6% ), receiving cash of $8,304,419.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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EAuditing Fundamentals Virtual Communication And Remote Auditing
Authors: J.P. Russell, Shauna Wilson
1st Edition
0873898486, 978-0873898485
