Solved: Legacy issues 710000 of 80 four year bonds dated january 1, Accounting Basics

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Legacy issues 710000 of 80 four year bonds dated january 1

Question - Legacy issues $710,000 of 8.0%, four year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $621,812 and their market rate is 12% at the issue date.

Prepare the January 1, 2015, journal entry to record the bond's issuance.

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Accounting Basics: Legacy issues 710000 of 80 four year bonds dated january 1

Reference No:- TGS02889322

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Accounting Basics: Legacy issues 710000 of 80 four year bonds dated january 1

Reference No:- TGS02889322

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