Question: Larkspur, Inc. issues $ 2 6 2 , 0 0 0 , 1 0 - year, 1 0 % bonds at 9 6 . Prepare

Larkspur, Inc. issues $

262, 000, 10 -

year,

10 %

bonds at

96 .

Prepare the journal entry to record the sale of these bonds on March

1, 2025 . (

List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select

"

No Entry" for the account titles and enter

0

for the amounts.

)

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