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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Definitions:

Inhibited And Shy

Describes a personality trait where individuals show restraint in action or expression and often feel uncomfortable in social situations.

Personality Change

Alterations in an individual's character or behavior patterns, often due to developmental processes, experiences, or psychological interventions.

Adopted Children

Children who have been legally taken and raised by parents who are not their biological parents.

Emotional Reactivity

Refers to the intensity and speed of an individual's emotional response to a stimulus or situation.