A company issues a $6,000,000, 12 , five year bond that pays semiannual interest of $360,000 ($6,000,000 12 ), receiving cash of $6,463,304 Journalize the bond issuance ...

A company issues a $6,000,000, 12%, five-year bond that pays semiannual interest of $360,000 ($6,000,000 12%

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A company issues a $6,000,000, 12%, five-year bond that pays semiannual interest of $360,000 ($6,000,000 × 12% × ½), receiving cash of $6,463,304. 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 $6,000,000, 12%, five-year bond that pays semiannual interest of $360,000 ($6,000,000 12%

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Financial and Managerial Accounting

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