Question
Required information Skip to question [The following information applies to the questions displayed below.] Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2019,
Required information
Skip to question [The following information applies to the questions displayed below.]
Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%.
Required: 1. Prepare the January 1 journal entry to record the bonds' issuance.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Philip E. Fess
20th Edition
0324025424, 978-0324025422
