Question
On the first day of the fiscal year, a company issues a $4,000,000, 9%, 8-year bond that pays semiannual interest of $180,000 ($4,000,000 9% ),
On the first day of the fiscal year, a company issues a $4,000,000, 9%, 8-year bond that pays semiannual interest of $180,000 ($4,000,000 9% ), receiving cash of $4,753,665.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
