Question: In Class Example 1 - Chapter 9 LSA Burger issued a $ 1 0 0 , 0 0 0 bond with a 1 0 year

In Class Example 1- Chapter 9
LSA Burger issued a $100,000 bond with a 10 year term. The stated interest rate on the bond was 10%. At the date of issuance, the market rates for bonds similar to the one issued by Beth Marie's were 12%. The bonds were priced at 85.0. What is the journal entry for issuance of the bond? What is the interest expense for the first year of the bond?
In Class Example 1- Chapter 9 LSA Burger issued a $100,000

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