Business, 13.03.2020 19:43 wytchnia

On January 1, Parson Freight Company issues 7.5%, 10-year bonds with a par value of $2,600,000. The bonds pay interest semiannually. The market rate of interest is 8.5% and the bond selling price was $2,423,327. The bond issuance should be recorded as:

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On January 1, Parson Freight Company issues 7.5%, 10-year bonds with a par value of $2,600,000. The...