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Prepare the journal entries for the bond issue

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Question - January 1, 2014, Frick Co. issued 3,000 of its 9%, $1,000 face value bonds at 102 1/2. In connection with the sale of these bonds, Frick paid the following expenses:

Promotion costs $ 20,000

Engraving and printing 35,000

Legal fees & commissions 200,000

Do not provide any journal explanations. If no entry is necessary, write "no entry." Prepare the journal entries for the bond issue & any unamortized bond issue costs on January 1, 2014.

Reference no: EM132068064

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