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    prettynpink317's Avatar
    prettynpink317 Posts: 1, Reputation: 1
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    #1

    Oct 19, 2009, 01:01 PM
    Bonds payable
    How do I journalize this problem?
    Issued $8,000,000 of 10 year, 7% bonds at 110, with interest payable semiannually
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Oct 20, 2009, 01:43 AM

    We aren't here just to do your homework for you, but to help you understand it. I can't tell you how to journalize it until you have some dollar amounts. Do you know how to do that part?

    (Hint: 110 means 110%.)
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