Business, 14.05.2021 02:30, taylor493

On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. The market interest rate is 4%. 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. Record the issuance of 5%, 11-year bonds with a face value of $70,000 for $76,180

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On January 1, Year 1, McClurg Corporation issues 5%, 11-year bonds with a face amount of $70,000 for...