Northern Union Pacific is planning to issue 10-year,10% semiannual interest bonds with a par value of $200,000.
Required: Prepare the necessary journal entry under each of the following assumptions.
a.The bonds are sold on issuance date at par.
b.The bonds are sold on issuance date at 96.
c.The bonds are sold on issuance date at 103.

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The Answer of Northern Union Pacific is planning to issue 10-year,10% semiannual interest bonds with a par value of $200,000.
Required: Prepare the necessary journal entry under each of the following assumptions.
a.The bonds are sold on issuance date at par.
b.The bonds are sold on issuance date at 96.
c.The bonds are sold on issuance date at 103.

Northern Union Pacific Is Planning to Issue 10-Year,10% Semiannual Interest