Issuing bonds at a premium On the first day of the fiscal year, a company issues a $4,600,000, 6%, 10-year bond that pays semiannual interest of $138,000 ($4,600,000 x 6% x V), receiving caste of $5,352,164. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 38

Issuing bonds at a premium On the first day of the fiscal year, a company issues a $4,600,000, 6%, 10-year bond that pays semiannual interest of $138,000 ($4,600,000 x 6% x V), receiving caste of $5,352,164. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. 38

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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