Maurice Tutor

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Category > Accounting Posted 19 Aug 2017 My Price 3.00

company issues

PE 12-3b Issuing bonds at a discount                                                                 ObJ. 3

On the first day of the fiscal year, a company issues a $3,000,000, 11%, five-year bond that pays semiannual interest of $165,000 ($3,000,000 × 11% × ½), receiving cash of

$2,889,599. Journalize the bond  issuance.

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Maurice Tutor
(5)
Status NEW Posted 19 Aug 2017 09:08 PM My Price 3.00

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