On January 1, a company issues 6%, 10 year $300,000 par value bonds that pay semiannual interest each June 30 and December 31. The bonds sell at par value. Prepare the general journal entry to record the issuance of the bonds on January 1.

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The Answer of On January 1, a company issues 6%, 10 year $300,000 par value bonds that pay semiannual interest each June 30 and December 31. The bonds sell at par value. Prepare the general journal entry to record the issuance of the bonds on January 1.

On January 1, a Company Issues 6%, 10 Year $300,000