Business, 16.07.2021 03:40 lilie080202

On January 1, Parson Freight Company issues 7.0%, 10-year bonds with a par value of $4,500,000. The bonds pay interest semiannually. The market rate of interest is 8.0% and the bond selling price was $4,194,222. The bond issuance should be recorded as:

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On January 1, Parson Freight Company issues 7.0%, 10-year bonds with a par value of $4,500,000. The...

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