On January 1, 2018, Bose Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1.
Instructions
a. Prepare the journal entry for the issuance assuming the bonds are issued at 95.
b. Prepare the journal entry for the issuance assuming the bonds are issued at 105.

Question

Quizplus · Accepted Answer

The Answer of On January 1, 2018, Bose Company issued bonds with a face value of $600,000. The bonds carry a stated interest of 7% payable each January 1.
Instructions
a. Prepare the journal entry for the issuance assuming the bonds are issued at 95.
b. Prepare the journal entry for the issuance assuming the bonds are issued at 105.

On January 1, 2018, Bose Company Issued Bonds with a Face