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Instruction On the first day of the fiscal year, a company issues a $910,000, 7%,...

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Accounting

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Instruction On the first day of the fiscal year, a company issues a $910,000, 7%, five-year bond that pays semiannual interest of $31,850 ($910,000 x 7% x 1/2), receiving cash of $884,177 Required: Journalize the entry to record the issuance of the bonds. Refer to the Chart of Accounts for exact wording of accountitles. General Journal Journalize the entry to record the issuance of the bonds on July 1. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT

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