Project #17922 - journal entry

on January 1st 2014,  unconnect ten inc UTI issues 5 million of bond with an interest rate of 3%. the term of the bond is 10 years in interest paid annually.  the annual market rate of interest is 2%.

 

determine the bond proceeds from january first 2014$

was the bond issued at a premium or  discount or at par value?

if applicabler what was the amount of the  discount or discount?

prepare the journal entry in proper form to reflect the inssuance of the bond on january first 2014

Subject Business
Due By (Pacific Time) 11/26/2013 10:33 pm
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