Question: A company issued $ 5 0 0 , 0 0 0 of 7 % bonds on October 1 , 2 0 2 3 for $

A company issued $500,000 of 7% bonds on October 1,2023 for $536,798 to yield a 6% effective rate. The bonds were dated October 1,2023, and mature in 10 years, with interest payable annually on October 1st. The adjusting journal entry on December 31,2023 would include
A company issued $500,000 of 7% bonds on October 1,2023 for

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