Business
Business, 18.07.2020 01:01, montanolumpuy

Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,000,000, 6%, 8-year bond that pays semiannual interest of $120,000 ($4,000,000 × 6% × ½), receiving cash of $3,325,959. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,000,000, 6%,...

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