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Prepare a journal entries to recognize the bond

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Reference no: EM132495414

Company A Incorporated needs to raise capital for expansion purposes. Management is considering issuing $2,000,000 of 10%, 20-year bonds dated June 1, 2017 with interest payment dates of December 1 and June 1. Company A's year end is December 31.

Question 1: Prepare a journal entries to recognize the bond under the following circumstances would look like?

A) The bond is issued at par value.

B) The bond is sold at 97

C) The bond is sold at 102

D) The bond is sold at par plus accrued interest on August 1, 2017

Reference no: EM132495414

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