Solution-What entry to record the issuance of the bonds

What entry to record the issuance of the bonds would include

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Problem 1: On October 1, 2019 RO-KNEE-CAR-MOO-NA Corporation issued 5%, 10-year bonds with a face value of $1,000,000 at 108 (a 4% yield). Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis. The entry to record the issuance of the bonds would include a credit of

Problem 2: On October 1, 2019 DAY-LOO-SUN Corporation issued 5%, 10-year bonds with a face value of P500,000 at 108 (a 4% yield). Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis. The entry to record the issuance of the bonds would include a

Reference no: EM132793266

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What entry to record the issuance of the bonds would include

Reference no: EM132793266

Reference no: EM132793266

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