Question: Enviro Company Issues 1 0 % , 1 0 - year bonds with a par value of $ 3 0 0 , 0 0 0

Enviro Company Issues 10%,10-year bonds with a par value of $300,000 and semlannual interest payments. On the Issue date, the annual market rate for these bonds is 12%, which Implies a selling price of 8812
Prepare the Joumal entry for the issuance of the bonds for cash on January 1.
Journal entry worksheet
Record the issue of bonds with a par value of $300,000,
Note: Enter deblts before credits:
Enviro Company Issues 10%,10-year bonds with a par value of $300,000

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