On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $910 for $94,800. The bonds had a stated rate of 6% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1
On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $910 for $94,800. The bonds had a stated rate of 6% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 7EA: On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,000 for $104,000. The...
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![On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $910 for $94,800. The bonds had a stated rate of 6% and paid interest semi-annually.
What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank.
Jan. 1](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5a8da5b2-6ded-413c-9ecd-d81425a9892b%2F3e5fb420-3054-4aa0-9cd1-1a0bd66d6667%2Fav5ktz3_processed.png&w=3840&q=75)
Transcribed Image Text:On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $910 for $94,800. The bonds had a stated rate of 6% and paid interest semi-annually.
What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank.
Jan. 1
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