Phagoah Organics Ltd. has a number of commercial greenhouse operations in British Columbia's Fraser Valley....
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Phagoah Organics Ltd has a number of commercial greenhouse operations in British Columbia's Fraser Valley. To finance the additional real estate and greenhouses necessary to meet the increasing demand for the company's products, the company decided to issue bonds. On January it issued fiveyear, semiannual bonds with a face value of $ The contract rate on the bonds was and the bonds were issued at to yield Interest payments are to be made each June and December the proceeds on issuance of the bonds. Proceeds on issuance of the bonds is $ prepare the journal entry to record the bonds sale on january
Phagoah Organics Ltd has a number of commercial greenhouse operations in British Columbia's Fraser Valley. To finance the additional real estate and greenhouses necessary to meet the increasing demand for the company's products, the company decided to issue bonds. On January it issued fiveyear, semiannual bonds with a face value of $ The contract rate on the bonds was and the bonds were issued at to yield Interest payments are to be made each June and December the proceeds on issuance of the bonds. Proceeds on issuance of the bonds is $ prepare the journal entry to record the bonds sale on january
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