Bonds with a face value of $1,000 were issued for $1,030. Make the necessary journal entry on

Question:

Bonds with a of $1,000 were issued for $1,030. Make the necessary journal entry on the books of the issuer.

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...