On March 1,a Company Issues Bonds with a Par Value

question 141

Essay

On March 1,a company issues bonds with a par value of $300,000.The bonds mature in 10 years,and pay 6% annual interest,payable each June 30 and December 31.The bonds sell at par value plus interest accrued since January 1.Prepare the general journal entry to record the issuance of the bonds on March 1.

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The skill of exchanging information or ideas in a way that is effective and beneficial for all parties involved, ensuring clarity and understanding.