Journalize the entry to record the issuance of bonds

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Reference no: EM131217368

On April 1, 2014, Webber Corporation issued $6,500,000 of 10-year, 11% bonds at a market (effective) interest rate of 8%, receiving cash of $7,825,055. Interest is payable semiannually on April 1 and October 1.

Journalize the entry to record the issuance of bonds on April 1, 2014. For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM131217368

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