On January 1, 2012, Lead Inc. issues $10,000,000, five-year, 9 percent bonds at 98. The discount at the time of sales is $200,000. Interest is paid semiannually on June 30, and December 31.
Required:
A) Frovide the jounal entry to record the issuance of the bonds on January $ 1,2012 $.

Question

On January 1, 2012, Lead Inc. issues $10,000,000, five-year, 9 percent bonds at 98. The discount at the time of sales is $200,000. Interest is paid semiannually on June 30, and December 31.
Required:
 A) Frovide the jounal entry to record the issuance of the bonds on January $ 1,2012 $.

Quizplus · Accepted Answer

The Answer of On January 1, 2012, Lead Inc. issues $10,000,000, five-year, 9 percent bonds at 98. The discount at the time of sales is $200,000. Interest is paid semiannually on June 30, and December 31.
Required:
 A) Frovide the jounal entry to record the issuance of the bonds on January $ 1,2012 $.

On January 1, 2012, Lead Inc 1,2012 1,2012 1,2012 B) Provide the Jounal Entry to Recogrize the Interest

On January 1, 2012, Lead Inc $1,2012$
B) Provide the Jounal Entry to Recogrize the Interest