Question: Please show necessary journal entry for initial bond issue and the monthly adjustment Alpine Cupcakes completed a $1 million 5-year debt issuance with monthly repayments

adjustment Alpine Cupcakes completed a $1 million 5-year debt issuance with monthly Please show necessary journal entry for initial bond issue and the monthly adjustment

Alpine Cupcakes completed a $1 million 5-year debt issuance with monthly repayments of principal and interest. Bond was listed 2/28/20 at a 5% stated rate relative to the 6% market rate and Alpine Cupcakes able to sell the bonds at a price of 98% of the face value. 19 I 28 3/31/20 Recorded the first monthly repayment of principal and interest on the bond issued on 2/28/20. calculate

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