On January 1, 20B, Dole Corporation sold (issued) 400 of its $1,000, ten-year, 9% bonds. The bonds were dated January 1, 20B, and interest is paid semi-annually each June 30 and December 31. The bonds sold at 99.
Part A: Give the entry to record the sale of the bonds on January 1, 20B
Part B: Were the bonds sold at par, at a premium or at a discount and how did you arrive at your answer?

Question

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The Answer of On January 1, 20B, Dole Corporation sold (issued) 400 of its $1,000, ten-year, 9% bonds. The bonds were dated January 1, 20B, and interest is paid semi-annually each June 30 and December 31. The bonds sold at 99.
Part A: Give the entry to record the sale of the bonds on January 1, 20B
Part B: Were the bonds sold at par, at a premium or at a discount and how did you arrive at your answer?

On January 1, 20B, Dole Corporation Sold (Issued) 400 of Its