Koby Company issued ($300,000) of bonds for ($325,000). (a) Prepare the journal entry to record the issuance
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Koby Company issued \($300,000\) of bonds for \($325,000\).
(a) Prepare the journal entry to record the issuance of the bonds, and
(b) illustrate how the bonds will be shown on the Koby Company's balance sheet at the issuance date.
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Related Book For
Financial & Managerial Accounting For Undergraduates
ISBN: 9781618533104
2nd Edition
Authors: Jason Wallace, James Nelson, Karen Christensen, Theodore Hobson, Scott L. Matthews
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