XYZ Corporation issued $20,000,000 of 5 year, 6% bonds on May 1 of the current...
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Accounting
XYZ Corporation issued $ of year, bonds on May of the current year at face value, with interest payable semiannually on May and November The bonds were issued at a market interest rate of resulting in XYZ Corporation receiving cash of $ Journalize the entries to record the following transactions:
Issuance of the bonds on May
Paid the first semiannual interest on the bonds on November
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