Question
On the first day of the fiscal year, a company issues a $8,400,000, 11%, 9-year bond that pays semiannual interest of $462,000 ($8,400,000 11% ),
On the first day of the fiscal year, a company issues a $8,400,000, 11%, 9-year bond that pays semiannual interest of $462,000 ($8,400,000 11% ), receiving cash of $9,995,070.
Journalize the bond issuance. If an amount box does not require an entry, leave it blank.
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TS 16949 Insights From A Third Party Auditor With A Process Approach Audit Checklist
Authors: Karen Welch
1st Edition
0873896548, 978-0873896542
