Manning Corporation sells $200,000, 12%, 10-year bonds for 96 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 Manning Corporation sells $200,000, 12%, 10-year bonds for 96 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:

Manning Corporation Sells $200,000, 12%, 10-Year Bonds for 96 on January