When bonds with a face value of $6,320,000 having 8% stated rate of - ProProfs Discuss
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When bonds with a face value of $6,320,000 having 8% stated rate of interest are issued at $5,960,000, the journal entry to record the transaction would be:

This question is part of Accounting practice final
Asked by Mackenzie_Roman, Last updated: Dec 18, 2019

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Mackenzie_Roman

Mackenzie_Roman

Answered Jul 25, 2019

Cash $5,960,000 Discount on bonds payable $360,000 Bonds payable $6,320,000
 

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