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moonkhan
Jan 23, 2009, 08:11 PM
How can I prepare the journal entries for issuance assuming the bonds are issued at (a) 97 and (b) 106?:confused:
codyman144
Jan 24, 2009, 09:15 PM
97 & 106 bonds I think you mean $970 & $1006. One you are issuing at a discount and one at a premium follow the rules accordingly.

Also please see the big red notice on the top of the accounting board about where to post homework questions.