Question
On the first day of the fiscal year, a company issues a $1,800,000, 7%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 7% ),
On the first day of the fiscal year, a company issues a $1,800,000, 7%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 7% ), receiving cash of $1,725,151. Journalize the entry to record the issuance of the bonds.
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Foundations Of Cost Control
Authors: Daniel Traster
1st Edition
0132156555, 978-0132156554
