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    tsc11bball's Avatar
    tsc11bball Posts: 4, Reputation: 1
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    #1

    Mar 26, 2007, 12:01 PM
    Bonds Payable
    If there is a bond issued for $8,000,000 of 5 year, 8% callable bonds dated on July 1, 05 at an effective rate of 10%, receiving cash of $7,382,236. And interest is payable semiannually on Dec 31, and Jun 30... what would the entry be?
    lyleswl's Avatar
    lyleswl Posts: 3, Reputation: 1
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    #2

    Apr 18, 2007, 09:17 PM
    Cash 8,000,000
    Bonds Payable 8,000,000
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