Problem 14-02 (Part Level Submission) Coronado Co. is building a new hockey arena at a cost...

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Problem 14-02 (Part Level Submission) Coronado Co. is building a new hockey arena at a cost of $2,360,000. It received a down

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Answer 1

Answer #1

Issue price of bonds = (1860000*10%*6.41766+1860000*0.42241) = 1979367

Journal entry

Date	account titles and explanation	Debit	Credit
Jan 1,2019	Cash	1979367
	Bonds payable		1860000
	Premium on bonds payable		119367

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Answer 2

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