Corp issued 50000 face value of bonds with the following


Question - Corp. issued $50,000 (face value) of bonds with the following details;

They mature in 1 year

The stated interest rate is 8%

The market interest rate is 10%

What is the journal entry to record the issuance of the bonds on Corp. books?

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Accounting Basics: Corp issued 50000 face value of bonds with the following
Reference No:- TGS02763091

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