Company A, Inc. issues $500,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. Company B issues $500,000, 20-year, 9% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022.
Company A, Inc. issues $500,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2022. Company B issues $500,000, 20-year, 9% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022.
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4EB: Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market...
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- Company A, Inc. issues $500,000, 10-year, 8% bonds at 98. Prepare the
journal entry to record the sale of these bonds on March 1, 2022.
- Company B issues $500,000, 20-year, 9% bonds at 101. Prepare the journal entry to record the sale of these bonds on June 1, 2022.
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