Business, 06.03.2020 23:49 robert7248

Sunland Company issued $580,000, 6%, 20-year bonds on January 1, 2020, at 103. Interest is payable annually on January 1. Sunland uses straight-line amortization for bond premium or discount.
a. Prepare the journal entry to record the issuance of the bonds.

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Sunland Company issued $580,000, 6%, 20-year bonds on January 1, 2020, at 103. Interest is payable a...