A company issues a $2,000,000, 9 , five year bond that pays semiannual interest of $90,000 ($2,000,000 9 ), receiving cash of $2,166,332 journalize the bond issuance ...

A company issues a $2,000,000, 9%, five-year bond that pays semiannual interest of $90,000 ($2,000,000 9%

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A company issues a $2,000,000, 9%, five-year bond that pays semiannual interest of $90,000 ($2,000,000 × 9% × ½), receiving cash of $2,166,332. journalize the bond issuance.

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

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

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Question Posted: Oct 14, 2011 05:56 AM

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A company issues a $2,000,000, 9%, five-year bond that pays semiannual interest of $90,000 ($2,000,000 9%

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Financial and Managerial Accounting

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