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On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $2,700,000. The bonds pay interest s
Posted: Mon May 30, 2022 6:30 am
by answerhappygod
- On January 1 Parson Freight Company Issues 8 0 10 Year Bonds With A Par Value Of 2 700 000 The Bonds Pay Interest S 1 (26.88 KiB) Viewed 13 times
On January 1, Parson Freight
Company issues 8.0%, 10-year bonds with a par value of $2,700,000. The bonds pay interest semiannually. The market rate of interest is 9.0% and the bond selling price was $2,516.532. The bond issuance should be recorded as: Multiple Choice Debit Cash $2,700,000; credit Bonds Payable $2,700,000. Debit Cash $2,516,532; credit Bonds Payable $2,516,532 tenninn