Rialto limited''s debit to the cash account on may 1, 20x2, Accounting Basics

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Rialto limited''s debit to the cash account on may 1, 20x2

On May 1, 20X2, Rialto Limited issued $1,000,000 face amount of 10% bonds dated March 1, 20X2, with interest payable February 28 and August 31. The bonds were issued at face amount plus accrued interest. Rialto Limited's debit to the cash account on May 1, 20X2, is closest to what number?

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Accounting Basics: Rialto limited''s debit to the cash account on may 1, 20x2

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Accounting Basics: Rialto limited''s debit to the cash account on may 1, 20x2

Reference No:- TGS083504

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