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, 2022.

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Accounting Principles

ISBN: 9781119707110

14th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

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Question Posted: Jun 30, 2022 01:35 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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