Record sales for Will Company
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Will Company issued $100,000 worth of bonds on January 1, Year 3 with interest payable annually. The bonds had a contract rate of 8%. The bonds were set up as floating-rate debt with the rate benchmarked to LIBOR plus 3% The entry to record the sale (issuance) of the bonds would be what?
Will company issued $100,000 worth of bonds on January 1, Year 3 with interest payable annually. The bonds had a contract rate of 8% The bonds were set up as floating-rate debt with the rate benchmarked to LIBOR plus 3% What would interest expense for year one be if LIBOR is 5%?
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Will Company issued $100,000 worth of bonds on January 1, Year 3 with interest payable annually. The bonds had a contract rate of 8%. The bonds were set up as floating-rate debt with the rate benchmarked to LIBOR plus 3%. The entry to record the sale (issuance) of the bonds would be which ...
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