Boston Enterprises_Bonds Payable

$3.00

Description

On January 1, 2013,
Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20
years, and pay 9% interest semiannually on June 30 and December 31. The bonds
are sold at par.

Prepare
the journal entry for issuance of bonds assuming. The bonds are issued at 98.

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