The Mammoth Corporation issued $800,000 face value of 10-year,12 percent bonds dated April 1,2013,and maturing on April 1,2023.Interest is payable semiannually on April 1 and October 1.The bonds were issued at a price of 98.Record the transactions to issue the bonds on April 1,2013,and to pay interest and amortize the bond discount on October 1,on page 9 of a general journal.Omit descriptions.

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The Answer of The Mammoth Corporation issued $800,000 face value of 10-year,12 percent bonds dated April 1,2013,and maturing on April 1,2023.Interest is payable semiannually on April 1 and October 1.The bonds were issued at a price of 98.Record the transactions to issue the bonds on April 1,2013,and to pay interest and amortize the bond discount on October 1,on page 9 of a general journal.Omit descriptions.

The Mammoth Corporation Issued $800,000 Face Value of 10-Year,12 Percent