Business, 11.12.2019 00:31 amandanunnery33
The gorman group issued $900,000 of 13% bonds on june 30, 2021, for $967,707. the bonds were dated on june 30 and mature on june 30, 2041 (20 years). the market yield for bonds of similar risk and maturity is 12%. interest is paid semiannually on december 31 and june 30.
required:
1. record the company's journal entry.
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The gorman group issued $900,000 of 13% bonds on june 30, 2021, for $967,707. the bonds were dated o...
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