Mathematics, 12.02.2021 14:00 kealalac1
Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 75 1/4. Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1.
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Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest paymen...
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