On January 1,2013,Timley issues $2,200,000 of 6%,12-year bonds at a price of 105½ that pay interest semiannually.The straight-line method is used to amortize any bond premium or discount.What is the journal entry to record the issuance of the bonds on January 1,2013?
Correct Answer:
Verified
Q160: On January 1,2013,Timley issues $2,200,000 of 6%,12-year
Q162: On January 1,2013,Silver issues $300,000 of 12%,20-year
Q163: The carrying value of a bond payable
Q166: A company issues bonds with a par
Q167: The par value of a bond is
Q203: _ bonds are bonds that are scheduled
Q216: _bonds are bonds that mature at more
Q226: A _ is a contractual agreement between
Q228: An _ is an obligation requiring a
Q232: An _ is a series of equal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents