Business, 23.06.2021 18:30 rujirasri3620

Legacy issues $630,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $571,310 when the market rate is 12%. Required:
a. Prepare the January 1, 2018, journal entry to record the bonds' issuance.
b. Prepare the journal entries to record the first two interest payments.

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Legacy issues $630,000 of 9.0%, four-year bonds dated January 1, 2019, that pay interest semiannuall...

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