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ABC Company issued $100,000 (face value) of bonds with the following details; They mature in 1 year The stated interest rate is 8 The market interest...

ABC Company issued $100,000 (face value) of bonds with the following details;


        They mature in 1 year

The stated interest rate is 8

The market interest rate is 10%

 

What is the journal entry to record the issuance of the bonds on ABC Company's books?  

Top Answer

Debit...............Cash......................................98,181.... View the full answer

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