(Answered) Problem - accounting for bonds - bond issuanceon january 1

Accounting

Problem - Accounting For Bonds - Bond Issuance

On January 1, 2013 Husky Inc. issued $20 million of 8% semi-annual bonds dated December 31, 2017. Bonds with similar characteristics to these pay interest at a rate of 5%.

Required - Record the issuance of the bond at 1/1/13. (Show calculation/inputs used).

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