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    sllewis5233 Posts: 1, Reputation: 1
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    Sep 14, 2014, 01:06 PM
    How to caluate that aswer
    €2 million, 10-year, 8% bonds at 97, with interest payable on July 1 and January 1.
    Prepare the journal entry to record the sale of these bonds on January 1, 2014.
    Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2014.

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