Record the issuance of the bonds

Reference no: EM13157782

King Pin issues $1,000,000 0f 12%. 10 year bonds that are dated Jan. 1, 2009. The first interest payment is due June 30, 2009 (Hint: interest is paid semi-annually). Record the issuance of the bonds and the first interest payment for each situation.

1. The bonds are sold on Jan. 1 at par
2. The bonds are sold on Jan 1. at 102
3. The bonds are sold on Jan.1 at 95

Reference no: EM13157782

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