On january 1 a corporation issue for cash 1000000 of 6 five, Financial Accounting

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On january 1 a corporation issue for cash 1000000 of 6 five

On January 1 a corporation issue for cash 1000,000 of 6% five year bonds with interest of 3000 payable semiannually the market rate of the interest at the time the bonds are issued is 5%. Assume the bonds sell for 103,769. what is the entry to record the issuance of the bonds?

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Financial Accounting: On january 1 a corporation issue for cash 1000000 of 6 five

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Financial Accounting: On january 1 a corporation issue for cash 1000000 of 6 five

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