Question
The Lakeside Market issued $10,000,000, 10%, 10-year debenture bonds onDecember 31, 2018, when the market (effective) rate of interest was 8%. The bonds will pay
The Lakeside Market issued $10,000,000, 10%, 10-year debenture bonds onDecember 31, 2018, when the market (effective) rate of interest was 8%. The bonds will pay interest semi-annually on June 30 and December 31.
What is the journal entry?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
17th edition
978-0273778172, 027377817X, 978-1292080505
