On January 1, 2021, Dino Corporation issued $ 300,000, 5%, 10-year bonds dated January 1, 2021, to yield 4%. The bonds pay semi-annual interest on January 1 and July 1.
Instructions
Calculate the selling price of the bonds and prepare the journal entry to record the issue of the bonds.

Question

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The Answer of On January 1, 2021, Dino Corporation issued $ 300,000, 5%, 10-year bonds dated January 1, 2021, to yield 4%. The bonds pay semi-annual interest on January 1 and July 1.
Instructions
Calculate the selling price of the bonds and prepare the journal entry to record the issue of the bonds.

On January 1, 2021, Dino Corporation Issued $ 300,000, 5