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Pina Colada Corp. issues $430,000, 20-year, 6% bonds at 104. Prepare the journal entry to record the sale of these bonds on June 1, 2022.
Pina Colada Corp. issues $430,000, 20-year, 6% bonds at 104. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
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