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Pretzelmania, Inc., issues 7 % , 1 5 - year bonds with a face amount of $ 7 0 , 0 0 0 for $
Pretzelmania, Inc., issues year bonds with a face amount of $ for $ on January The market interest rate for bonds of similar risk and maturity is Interest is paid annually on December
Required:
& Record the bond issue and first interest payment on December If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Round your intermediate computations and final answers to the nearest whole dollar amount.
Journal entry worksheet
Record the bond issue on January
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditJanuary
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