On January 1, a company issues bonds dated January 1 with a par value of $760,000. The bonds mature in 3 years. The contract rat

Question

4 years ago

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On January 1, a company issues bonds dated January 1 with a par value of $760,000. The bonds mature in 3 years. The contract rat

e is 8%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $742,000. The journal entry to record the first interest payment using straight-line amortization is

Mathematics

1 answer:

galben [10] · Answer 1 · 2022-01-28T20:20:31+03:00

galben [10]4 years ago

6 0

Yep the answer is what you got