On the first day of the fiscal year, a company issues a $1,800,000, 6%, five-year bond that
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On the first day of the fiscal year, a company issues a $1,800,000, 6%, five-year bond that pays semiannual interest of $54,000 ($1,800,000 3 6% 3 ½), receiving cash of $1,725,151.
Journalize the entry to record the issuance of the bonds.
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Related Book For
Financial Accounting
ISBN: 9781337913102
16th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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