On January 1,Year 1,a company issued $5,000,000 of 8% bonds at par.These bonds are due in five years with interest payable annually on December 31.
Required:
A) Record the issuance of the bonds.

Question

On January 1,Year 1,a company issued $5,000,000 of 8% bonds at par.These bonds are due in five years with interest payable annually on December 31.
Required:
 A) Record the issuance of the bonds.

Quizplus · Accepted Answer

The Answer of On January 1,Year 1,a company issued $5,000,000 of 8% bonds at par.These bonds are due in five years with interest payable annually on December 31.
Required:
 A) Record the issuance of the bonds.

On January 1,Year 1,a Company Issued $5,000,000 of 8% Bonds