On January 1, 2014, Ultra Vision Corp. issued $1,200,000 of 20-year 8% bonds that pay interest semi-annually

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On January 1, 2014, Ultra Vision Corp. issued $1,200,000 of 20-year 8% bonds that pay interest semi-annually on June 30 and December 31. Assume the bonds were sold at: (1) 98; and (2) 102. Journalize the issuance of the bonds at 98 and 102.

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Question Posted: Jan 08, 2015 08:38 AM

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On January 1, 2014, Ultra Vision Corp. issued $1,200,000 of 20-year 8% bonds that pay interest semi-annually

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a Journal entry 2014 Jan 1 Cash 1176000 Discount on Bonds ...View the full answer

Fundamental Accounting Principles Volume II

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