Homework Answers
| Journal Entry | |||
| Date | Account Title | Debit | Credit |
| Cash | $ 8,84,171 | ||
| Discount on Bond Payable | $ 25,829 | ||
| Bond Payable | $ 9,10,000 | ||
| ( To record issue of bond on discount) | |||
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On the first day of the fiscal year, a company issues a $910,000, 10%, five-year bond...
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