Question: Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below. Enviro Company issues 8%, 10-year

Required information Use the following information for the Quick Study below.

Required information Use the following information for the Quick Study below. The following information applies to the questions displayed below. Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 112. QS 14-2 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2017 View transaction list View journal entry worksheet No Date General Journal Debit Credit Jan 01, 2017 Cash Discount on bonds payable Bonds payable

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