On January 1, 2019, Smalls, Inc issued $60,000 of its 12 year 10 bonds for $52,584 Interest is payable annually and the effective yield was 12 Costs connected with the issue totaled $3,200 Required a Prepare the entry to record the issuance of the bonds b Prepare the journal entry to record intere...

a Entry to record the issuance of the bonds Cash 52584 Discount on Bonds Payable 60000 52584 3200 10 ...

On January 1, 2019, Smalls, Inc. issued $60,000 of its 12-year 10% bonds for $52,584. Interest...

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Intermediate Accounting

ISBN: 978-0324300987

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Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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On January 1, 2019, Smalls, Inc. issued $60,000 of its 12-year 10% bonds for $52,584. Interest...

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