On January 1, 2013, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold at a premium, for a total of $20,750. Please provide the journal entry to issue the bonds.
Definitions:
Growth Hormone
A substance that promotes growth, reproduction of cells, and healing in humans and animals.
Cretinism
A condition often resulting from an untreated congenital thyroid hormone deficiency, characterized by physical and mental growth retardation.
Thyroid Hormone
Essential hormones produced by the thyroid gland that regulate metabolism, energy generation, and overall growth and development.
Aldosterone
A steroid hormone secreted by the adrenal glands that plays a key role in regulating blood pressure by controlling sodium and potassium levels in the blood.
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