what if Kristal corpse bond was not issued at face value? Instead on October 120X1...

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Accounting

what if Kristal corpse bond was not issued at face value? Instead on October 120X1 Kristal Corp. issued $700,000,5%,10 year bonds at 98. Financial statements are prepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. Show the balance sheet presentation of bonds payable on December 3120X1. Assume $350 of the bond discount has been amortized. prepare the journal entry to record the payment of bonds at maturity, October 1,20Y1. Assume any accrued interest has already been paid

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