Journal entries for bonds
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If the company needs to raise $50,000,000 in bonds, and they issue a traditional 10-year, 10% bond with semiannual interest payments, how to record it in journal entries, assuming that market interest is 10%. What is the face value of the bond?
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The solution provides the guidance in preparing journal entries for bonds.
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If the company needs to raise $50,000,000 in bonds, and they issue a ...
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