Question: A company issues 10 year, 9% bonds with a face value of $500,000 when the market rate was 9.5%. The bonds were issued at 96.8174%
A company issues 10 year, 9% bonds with a face value of $500,000 when the market rate was 9.5%. The bonds were issued at 96.8174% of par value. Record the entry for the issuance of these bonds. 9, Debit Credit Date Account
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