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shadiamondw8692
shadiamondw8692
21.11.2019 • 
Business

Pretzelmania, inc., issues 7%, 15-year bonds with a face amount of $70,000 for $63,948 on january 1, 2021. the market interest rate for bonds of similar risk and maturity is 8%. interest is paid semiannually on june 30 and december 31.record the bond issue and first interest payment on june 30, 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. round your intermediate computations and final answers to the nearest whole dollar amount.)

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