Question
On the first day of the fiscal year, a company issues a $970,000, 7%, five-year bond that pays semi-annual interest of $33,950, receiving cash of
On the first day of the fiscal year, a company issues a $970,000, 7%, five-year bond that pays semi-annual interest of $33,950, receiving cash of $884,178. Journalize the entry to record the issuance of the bonds.
If an amount box does not require an entry, leave it blank, or enter zero "0".
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