Business
Business, 12.08.2020 04:01, Admin

On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $3,400,000. The bonds pay interest semiannually. The market rate of interest is 10.0% and the bond selling price was $3,168,967. The bond issuance should be recorded as:

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On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $3,400,000. The...

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