On the first day of the fiscal year, a company issues a $900,000, 9%, five-year bond that pays semiannual interest of $40,500 ($900,000 x 9% x 1/2), receiving cash of $884,172. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. Cash Discount on Bonds Payable Bonds Payable Your Black Owned... Bella-Storme Bouti On May 10, a company issued for cash 2,000 shares of no-par common stock (with a stated value of $2) at $16, and on May 15, it issued for cash 5,000 shares of $15 par preferred stock at $60. Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. May 10 Cash Common Stock Paid-In Capital in Excess of Stated Value-Preferred Stock May 15 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock 32,000 4,000 28,000 75000 Previous Next All work saved. Email Instructur Submit Test for Grating ENG 3:42 PM 12/11/2000 23