On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 101. Interest is payable annually

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On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 101. Interest is payable annually on January 1. Pass journal entry Cinco Corporation will record on January 1, 2030.

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Dec 14, 2023 05:14 AM

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On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 101. Interest is payable annually

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Date January 1 2030 Account Title Debit Credit Cash 5757000 Premium on Bonds ... View the full answer

Fundamentals of Financial Accounting

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