The stated rate of a three year 100000 annual bond is 10, Financial Accounting

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The stated rate of a three year 100000 annual bond is 10

1. The stated rate of a three year $100,000 annual bond is 10%. The effective rate of interest is 9%. What would be the selling price of the bond?

2. A three year $100,000 bond with a stated annual rate of 10% is sold for 95,000. What would be the journal entry at the time the bond was sold?

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Financial Accounting: The stated rate of a three year 100000 annual bond is 10

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Financial Accounting: The stated rate of a three year 100000 annual bond is 10

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