Verizon issues a 15-year, $20,000,000 bond on September 1, 2014

Verizon issues a 15-year, $20,000,000 bond on September 1, 2014

Question # 00143674 Posted By: kimwood Updated on: 12/01/2015 01:07 AM Due on: 12/31/2015
Subject Accounting Topic Accounting Tutorials:
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Verizon issues a 15-year, $20,000,000 bond on September 1, 2014 with a stated interest rate of 3.4%, payable semiannually. Market interest rates on September 1, 2014 were 3.8%. Prepare the journal entry to record the transaction on September 1, 2014.
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    Tutorial # 00138211 Posted By: kimwood Posted on: 12/01/2015 01:07 AM
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