Pretzelmania, inc, issues 7%, 15-year bonds with a face amount of 70,000 for $76799 on January 1, 2018. The market interest rate for bonds of similar risk and maturity is 6%

E connedt ACCT 230, Principles of Accounting 1: Fall 2018 3 points etemana Inc. nsues?%. 15-year bondsuith a face amount of $70,000 for $76 799 on January 1, 2018 The market merest rate bonds or snafnsk and manny 6% Interests & 2. Record the bond issue and first meest payme: on December 31, 2016 no entry is required for a eransactionevent, select-to journal entry requrern th* first account held Journal entry worksheet hp