McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.Please provide the journal entry for the issue of the bonds on March 1,2013.
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Question

McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.Please provide the journal entry for the issue of the bonds on March 1,2013.
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\hline & & \\hline & & \
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\end{array}$$

Quizplus · Accepted Answer

The Answer of McDonald Sales prepared a bond issue of $20,000 dated January 1,2013.The bonds have a stated rate of 3% and a term of 6 years.The bond issue was delayed,and the bonds were finally sold on March 1,2013 at par.Please provide the journal entry for the issue of the bonds on March 1,2013.
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