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Pretzelmania, inc., issues 7%, 10-year bonds with a face amount of $70,000 for $70,000 on january 1, 2018. the market interest rate for bonds of similar risk and maturity is 7%. interest is paid semiannually on june 30 and december 31. 1. & 2. record the bond issue and first interest payment on june 30, 2018
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Pretzelmania, inc., issues 7%, 10-year bonds with a face amount of $70,000 for $70,000 on january 1,...
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