Question
StarCenter issued $2,500,000 of 5%, 20-year bonds. These bonds were issued on January 1, 2017, and pay interest annually on each January 1. The bonds
StarCenter issued $2,500,000 of 5%, 20-year bonds. These bonds were issued on January 1, 2017, and pay interest annually on each January 1. The bonds yield 3% and was issued at $3,243,884.
Required:
i need help to Prepare the journal entry to record the issuance of the bonds on January 1, 2017.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
