Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,200,000, 9%, 10-year bond that pays semiannual interest of $369,000 ($8,200,000 × 9% × ½), receiving cash of $7,689,049. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash fill in the blank fill in the blank Discount on Bonds Payable fill in the blank fill in the blank Bonds Payable fill in the blank fill in the blank

Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $8,200,000, 9%, 10-year bond that pays semiannual interest of $369,000 ($8,200,000 × 9% × ½), receiving cash of $7,689,049. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash fill in the blank fill in the blank Discount on Bonds Payable fill in the blank fill in the blank Bonds Payable fill in the blank fill in the blank

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 7MC: On January 1 a company issues a $75,000 bond that pays interest semi-annually. The first interest...

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