Dr Cash 865806
Dr. Discount 134194
Cr. Liability 1000000
On March 1, 2018, Master wear industries issued 5 years, sh 1000000 of 12% bonds, dated 1 Jan 2018, effective interest was 16% and interest is payable semiannually on June 30 and december 31.The entire bond issue was purchased by United group. Show the journal entries for 2018.
1 answer