SAT, 05.05.2020 16:30 sadieanngraham15

On January 1, a company issues bonds dated January 1 with a par value of

$290,000. The bonds mature in 5 years. The contract rate is 7%, and interest is

paid semiannually on June 30 and December 31. The market rate is 6% and

the bonds are sold for $302,371. The journal entry to record the issuance of

the bond is:

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On January 1, a company issues bonds dated January 1 with a par value of

$290,000. The b...

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