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On the first day of the fiscal year, a company issues a $3,400,000, 6%, 6-year bond that pays semiannual interest of $102,000 ($3,400,000 6%
On the first day of the fiscal year, a company issues a $3,400,000, 6%, 6-year bond that pays semiannual interest of $102,000 ($3,400,000 6% x 1/2), receiving cash of $3,235,723. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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Heres how you would journalize the bond issuance Date First ...
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
