Journalize the bond using the bond

Reference no: EM13258249

On the 1st day of the fiscal year , a company issuesa $500,0000, 10%, 10 year bond that pays semiannual interst of$5,000 ($500,000 x 10% x ½), receiving cash of $463,202. Journalize the bond issuance.

Using the bond from the above journalize the first interestpayment and the amortization of the related bond discount.

Reference no: EM13258249

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