Question: A $1,000,000 five-year bond is issued at 104 on an interest payment date. The coupon rate is 6%. The journal entry on the issue date

A $1,000,000 five-year bond is issued at 104 on an interest payment date. The coupon rate is 6%. The journal entry on the issue date would be: (Hint: I would advise you to write out the journal entry first before you select your answer)

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