Question
QS 10-8 (Algo) Journalizing premium bond issuance LO P3 Garcia Company issues 8.0%, 15-year bonds with a par value of $380,000 and semiannual interest payments.
QS 10-8 (Algo) Journalizing premium bond issuance LO P3 Garcia Company issues 8.0%, 15-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.0%, which implies a selling price of 116 3/4. Prepare the journal entry for the issuance of these bonds for cash on January 1.
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Finding Your Granite My Four Cornerstones Of Personal Leadership Security Audit And Leadership Series
Authors: Douglas P. Pflug
1st Edition
1032034114, 978-1032034119
