Prepare general journal entry to record the issuance of bond
Martin Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1, 2010. The market rate of interest is 8% at the time of issuance.
Prepare the general journal entry to record the issuance of the bonds on January 1, 2010.
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Martin Corporation issued $3,000,000 of 8%, 20-year bonds payable at par value on January 1, 2010. The market rate of interest is 8% at the time of issuance. Prepare the general journal entry to record the issuance of the bonds on January 1, 2010.
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