Question
On the first day of the fiscal year, a company issues a $920,000, 9%, 5-year bond that pays semiannual interest of $41,400 ($920,000 x 9%
On the first day of the fiscal year, a company issues a $920,000, 9%, 5-year bond that pays semiannual interest of $41,400 ($920,000 x 9% 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 or enter "0".
| Cash | |||
| Discount on Bonds Payable | |||
| Bonds Payable |
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Guidelines For Auditing Process Safety Management Systems
Authors: CCPS (Center For Chemical Process Safety)
2nd Edition
0470282355, 978-0470282359
