The board of directors of the Columbus Corporation authorized the issuance of $400,000 face value of 10-year,12 percent bonds dated April 1,2013,and maturing on April 1,2023.Interest is payable semiannually on April 1 and October 1.Each bond has a face value of $1,000.Because the funds to be raised were not immediately needed,no bonds were issued until 2015.Record the following transactions on page 8 of a general journal.Omit descriptions.

Question

Quizplus · Accepted Answer

The Answer of The board of directors of the Columbus Corporation authorized the issuance of $400,000 face value of 10-year,12 percent bonds dated April 1,2013,and maturing on April 1,2023.Interest is payable semiannually on April 1 and October 1.Each bond has a face value of $1,000.Because the funds to be raised were not immediately needed,no bonds were issued until 2015.Record the following transactions on page 8 of a general journal.Omit descriptions.

The Board of Directors of the Columbus Corporation Authorized the Issuance