Dubbin Ltd issues $3 million in 5-year,8 per cent,semi-annual coupon debentures.The rate of return required by the market is 6 per cent per annum.What is the journal entry to record the issue of the debentures (rounded to the nearest dollar)?
E) None of the given answers.

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The Answer of Dubbin Ltd issues $3 million in 5-year,8 per cent,semi-annual coupon debentures.The rate of return required by the market is 6 per cent per annum.What is the journal entry to record the issue of the debentures (rounded to the nearest dollar)?
E) None of the given answers.

Dubbin Ltd Issues $3 Million in 5-Year,8 Per Cent,semi-Annual Coupon