Question
On the first day of the fiscal year, a company issues a $7,700,000, 8%, 8-year bond that pays semiannual interest of $308,000 ($7,700,000 8% ),
On the first day of the fiscal year, a company issues a $7,700,000, 8%, 8-year bond that pays semiannual interest of $308,000 ($7,700,000 8% ), receiving cash of $8,667,204. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
