On January 1, 2020, Maris Enterprises issued 9%, 5-year bonds with a face amount of $800,000 at par. Interest is payable annually on January 1. Prepare the entries to record the issuance of the bonds and the first annual interest accrual on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.

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