Question
on the first day of the fiscal year, a company issues a $500,000, 8%, 10 year bond with a market rate of 6%, receiving cash
on the first day of the fiscal year, a company issues a $500,000, 8%, 10 year bond with a market rate of 6%, receiving cash of $530,000. journalize the entry to record the issuance of the bonds.
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Corporate Finance, European Edition
Authors: Peter Moles, Robert Parrino, David S. Kidwell
1st Edition
0470683708, 9780470683705
