Question - January 1, 2014, Frick Co. issued 3,000 of its 9%, $1,000 face value bonds at 102 1/2. In connection with the sale of these bonds, Frick paid the following expenses:
Promotion costs $ 20,000
Engraving and printing 35,000
Legal fees & commissions 200,000
Do not provide any journal explanations. If no entry is necessary, write "no entry." Prepare the journal entries for the bond issue & any unamortized bond issue costs on January 1, 2014.