megejohn08 megejohn08

21-05-2024
Mathematics

Answered

harriman company authorized a $1000000, 10-year 6% bond issued dated january 1, 2022, when the market rate was 8%. Annual interest will be paid each december 31, on January 1, 2022, the bonds were issued for 866,000. harriman company has a december 31 year end. prepare the journal entry to record the sale of the bonds

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