Question: On Jamuary 1 , Farson Freight Company issues 7 % , 1 0 year bornds with ba par Yalue of $ 2 , 0 0

On Jamuary 1, Farson Freight Company issues 7%,10 year bornds with ba par Yalue of $2,000,000, The bornds pay imerest semiarnully. The market rate of interest is 88 and the hond selling price was $$9,894,097. The bundismanee shoutd be recorded as:

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