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On January 1,20B,Dole Corporation Sold (Issued)400 of Its $1,000,ten-Year,9% Bonds

Question 91

Essay

On January 1,20B,Dole Corporation sold (issued)400 of its $1,000,ten-year,9% bonds.The bonds were dated January 1,20B,and interest is paid semi-annually each June 30 and December 31.The bonds sold at 99.
Part A: Give the entry to record the sale of the bonds on January 1,20B
Part B: Were the bonds sold at par,at a premium or at a discount and how did you arrive at your answer?
On January 1,20B,Dole Corporation sold (issued)400 of its $1,000,ten-year,9% bonds.The bonds were dated January 1,20B,and interest is paid semi-annually each June 30 and December 31.The bonds sold at 99. Part A: Give the entry to record the sale of the bonds on January 1,20B Part B: Were the bonds sold at par,at a premium or at a discount and how did you arrive at your answer?

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