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Make the entry to record this bond issuance

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Question - Harvey Company issued $100,000 of 9%, ten-year bonds when the market rate of interest was 11%.

Selected present value interest factors (PVIF) are:

PV factor of $1, 10 years at 9%: 0.42241

PV factor of $1, 10 years at 11%: 0.35218

PV factor of an Annuity of $1, 10 years at 9%: 6.41766

PV factor of an Annuity of $1, 10 years at 11%:  5.88923

Required - Make the entry to record this bond issuance?

Reference no: EM133188585

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