Business, 22.07.2020 04:01 elarracadas22

On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $3,200,000. The bonds pay interest semiannually. The market rate of interest is 9.0% and the bond selling price was $2,982,557. The bond issuance should be recorded as:

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On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $3,200,000. The...