Question
On the first day of the fiscal year, a company issues an $1,900,000, 7%, 7-year bond that pays semiannual interest of $66,500 ($1,900,000 7% ),
On the first day of the fiscal year, a company issues an $1,900,000, 7%, 7-year bond that pays semiannual interest of $66,500 ($1,900,000 7% ), receiving cash of $2,007,313.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
debit credit
cash 2007313
Premium on bonds payable
bonds payable
I cant figure out the last two
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Cloud Audit Toolkit For Financial Regulators
Authors: Asian Development Bank
1st Edition
9292692089, 978-9292692087
