On the first day of the fiscal year, a company issues an $8,600,000, 11%, five-year bond# that

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On the first day of the fiscal year, a company issues an $8,600,000, 11%, five-year bond# that pays semiannual interest of $473,000 ($8,600,000 × 11% × ½), receiving cash of $8,932,035. Journalize the bond issuance.

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Financial Accounting

ISBN: 9781337913102

16th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Mar 11, 2022 12:40 AM

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On the first day of the fiscal year, a company issues an $8,600,000, 11%, five-year bond# that

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Financial Accounting

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