nt QS 10-7 (Algo) Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $330,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet > 1 ences Record the issue of bonds with a par value of $330,000. Note: Enter debits before credits. Date January 01 Cash General Journal Debit Credit G Discount on bonds payable Bonds payable Record entry Clear entry View general journal
nt QS 10-7 (Algo) Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $330,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet > 1 ences Record the issue of bonds with a par value of $330,000. Note: Enter debits before credits. Date January 01 Cash General Journal Debit Credit G Discount on bonds payable Bonds payable Record entry Clear entry View general journal
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 6PB: Edward Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...
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