Ask Question
Today, 21:00

On january 1, a company issues bonds dated january 1 with a par value of $240,000. the bonds mature in 5 years. the contract rate is 11%, and interest is paid semiannually on june 30 and december 31. the market rate is 10% and the bonds are sold for $249,262. the journal entry to record the first interest payment using the effective interest method of amortization is:

+5
Answers (1)
  1. Today, 21:30
    0
    U will automatically need progressive
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On january 1, a company issues bonds dated january 1 with a par value of $240,000. the bonds mature in 5 years. the contract rate is 11%, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers