On March 1,a company issues bonds with a par value of $300,000.The bonds mature in 10 years,and pay 6% annual interest,payable each June 30 and December 31.The bonds sell at par value plus interest accrued since January 1.Prepare the general journal entry to record the issuance of the bonds on March 1.

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The Answer of On March 1,a company issues bonds with a par value of $300,000.The bonds mature in 10 years,and pay 6% annual interest,payable each June 30 and December 31.The bonds sell at par value plus interest accrued since January 1.Prepare the general journal entry to record the issuance of the bonds on March 1.

On March 1,a Company Issues Bonds with a Par Value