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Question 22 10 pts 23. XYZ Corp. Issued $100,000,000.00 face value of bonds at 97.5 on Jan 3, 2016. The bonds have a stated interest
Question 22 10 pts 23. XYZ Corp. Issued $100,000,000.00 face value of bonds at 97.5 on Jan 3, 2016. The bonds have a stated interest rate of 6% and are priced for a market rated of 7%. The bonds pay semiannual interest on July 1 and January 1. Required: a. Give the journal entries to record the issuance of the bond. b. Give the journal entries for July 1st 2016 Give the journal entry for Dec 31st 2016 BIVA-AI E3311xx, EE 5. 2 VX 11 12pt - Paragraph
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