Question: ACCT 201 Final SP 2020 Help Save & Eat Submit X On January 1, ABC Company issues 75%, 10-year bonds with a par value of

 ACCT 201 Final SP 2020 Help Save & Eat Submit X

ACCT 201 Final SP 2020 Help Save & Eat Submit X On January 1, ABC Company issues 75%, 10-year bonds with a par value of $3,300,000. The bonds pay interest semiannualy. The market rate of interest 18.5% and the bond selling price was $2.889,352. The bond issuance should be recorded as

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