On the first day of the fiscal year, a company issues a $500,0000, 10%, 10-year bond that

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On the first day of the fiscal year, a company issues a $500,0000, 10%, 10-year bond that pays semiannual interest of $25,000 ($500,000 × 10% × ½), receiving cash of $463,202.
Journalize the bond issuance.

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jul 17, 2012 01:15 AM

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On the first day of the fiscal year, a company issues a $500,0000, 10%, 10-year bond that

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Accounting

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