Business, 28.11.2019 02:31, julie47d

On january 1, year 1, st. clair corporation issues 7%, 11-year bonds with a face amount of $90,000 for $83,497. the market interest rate is 8%. interest is paid semiannually on june 30 and december 31. complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)

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On january 1, year 1, st. clair corporation issues 7%, 11-year bonds with a face amount of $90,000 f...