Mansfield Corporation sells $900,000, 13%, 10-year bonds for 98 on January 1. Interest is paid on January 1 and July 1. Straight-line amortization is used. The entry to record the issuance of the bonds on January 1 is:

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The Answer of Mansfield Corporation sells $900,000, 13%, 10-year bonds for 98 on January 1. Interest is paid on January 1 and July 1. Straight-line amortization is used. The entry to record the issuance of the bonds on January 1 is:

Mansfield Corporation Sells $900,000, 13%, 10-Year Bonds for 98 on January