PE 14-4A Issuing bonds at a premium
A company issues a $2,000,000, 9%, five-year bond that pays semiannual interest of $90,000 ($2,000,000 × 9% × ½), receiving cash of $2,166,332. Journalize the bond issuance.
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A company issues a $2,000,000, 9%, five-year bond that pays semiannual interest of $90,000… 1 answer below » was first posted on June 29, 2020 at 7:57 am.
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