Solution-Journalize the entry to record the issuance of the

Journalize the entry to record the issuance of the bonds

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Reference no: EM132873675

Question - Issuing Bonds at a Discount - On the first day of the fiscal year, a company issues a $4,400,000, 9%, 7-year bond that pays semiannual interest of $198,000 ($4,400,000 × 9% × ½), receiving cash of $3,786,531.

Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry.

Reference no: EM132873675

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Journalize the entry to record the issuance of the bonds : On the first day of the fiscal year, a company issues a $4,400,000, 9%, 7-year bond that pays semiannual interest of $198,000. Journalize the entry

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Journalize the entry to record the issuance of the bonds

Reference no: EM132873675

Reference no: EM132873675

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