Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $4,600,000, 10%, 8-year bond that pays semiannual interest of $230,000 ($4,600,000 × 10% × ½), receiving cash of...

Issuing Bonds at a Premium<br>On the first day of the fiscal year, a company issues a<br>$4,600,000, 10%, 8-year bond that pays semiannual<br>interest of $230,000 ($4,600,000 × 10% × ½), receiving<br>cash of $5,434,494.<br>Journalize the bond issuance. If an amount box does not<br>require an entry, leave it blank.<br>

Extracted text: Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $4,600,000, 10%, 8-year bond that pays semiannual interest of $230,000 ($4,600,000 × 10% × ½), receiving cash of $5,434,494. Journalize the bond issuance. If an amount box does not require an entry, leave it blank.

Jun 11, 2022

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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $4,600,000, 10%, 8-year bond that pays semiannual interest of $230,000 ($4,600,000 × 10% × ½), receiving cash of...

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