Essay
On January 1,2013,Timley issues $2,200,000 of 6%,12-year bonds at a price of 105½ that pay interest semiannually.The straight-line method is used to amortize any bond premium or discount.What is the journal entry to record the issuance of the bonds on January 1,2013?
Correct Answer:
Verified
Correct Answer:
Verified
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