Posted: March 6th, 2014
Pretzelmania, Inc., issues a 7%, 10-year bonds with a face amount of $58,000 for $64,314 on January…
10-year bonds with a face amount of $58,000 for $64,314 on January 1, 2012. The…”>
Pretzelmania, Inc., issues a 7%, 10-year bonds with a face amount of $58,000 for $64,314 on January 1, 2012. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31.
Record the bond issue.
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