What is the journal entry to record the issuance of bonds, Accounting Basics

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What is the journal entry to record the issuance of bonds

Question: Corp. issued $50,000 (face value) of bonds with the following details;

They mature in 1 year.

The stated interest rate is 8%.

The market interest rate is 10%.

Required: What is the journal entry to record the issuance of the bonds on Corp. books?

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Accounting Basics: What is the journal entry to record the issuance of bonds

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Accounting Basics: What is the journal entry to record the issuance of bonds

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