Question
On the first day of the fiscal year, a company issues a $8,700,000, 9%, 10-year bond that pays semiannual interest of $391,500 ($8,700,000 9% ),
On the first day of the fiscal year, a company issues a $8,700,000, 9%, 10-year bond that pays semiannual interest of $391,500 ($8,700,000 9% ), receiving cash of $7,203,178.
Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.
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The Supervisory Mechanism Of Corporate Governance In China Supervisory Board And Audit Committee
Authors: Pao-Chen Lee
1st Edition
6205501945, 978-6205501948
