Price Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale

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Price Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2017.

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Mar 02, 2015 10:07 AM

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Price Company issues $400,000, 20-year, 7% bonds at 101. Prepare the journal entry to record the sale

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Accounting Principles

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