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McDonald Sales Prepared a Bond Issue of $20,000 Dated January

Question 75

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McDonald Sales prepared a bond issue of $20,000 dated January 1, 2013. The bonds have a stated rate of 3% and a term of 6 years. The bond issue was delayed, and the bonds were finally sold on March 1, 2013 at par. Please provide the journal entry for the issue of the bonds on March 1, 2013.
McDonald Sales prepared a bond issue of $20,000 dated January 1, 2013. The bonds have a stated rate of 3% and a term of 6 years. The bond issue was delayed, and the bonds were finally sold on March 1, 2013 at par. Please provide the journal entry for the issue of the bonds on March 1, 2013.

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