Question: please make it as they need Date and discription post ref , debit credit 6) A company issued 10-year, 9% bonds with a par value
please make it as they need Date and discription post ref , debit credit6) A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company received $484,087 in cash proceeds. Using the straight-line method, prepare the issuer's journal entry to record the first semiannual interest payment and the amortization of any bond discount or premium (Round amounts to the nearest whole dollar) Date Description Post Ref Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
