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, 2020.

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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jan 15, 2019 06:38 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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June 1 Cash 400000 X 101404...View the full answer

Accounting Principles

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