Question
Oscount, Trodies for Boods Payable Tr On July 1, 2011, Uvingston Coperation, a wholesale of manufacturing equipment issued $6,100,000 of 8-year, 11% bonds at
Oscount, Trodies for Boods Payable Tr On July 1, 2011, Uvingston Coperation, a wholesale of manufacturing equipment issued $6,100,000 of 8-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of 15,293,794 rest on the bonds i pevable semiannually on December 31 and June 30. The fical year of the company is the calender var Required For journal, if an amount he does not regen entry labla 1. Journals the try to record the amount of cash proceeds from the issuance of the bondsendy1.201 Th 2. Jumalize the entries to record the folowing The fatal intent on December 31, 2011, and the aortication of the bond discount, uning the street oud to the nearest stoc Can The internt permet on June 2012, and the antication of the bond in the sight thod. Houd to the ear 88 4 cents des lie than the face of the bid the rate is then the market of 5. Can the of 101,294 red the the bands sing the stand out as to 3imal plac and the fears to the red a very slight
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