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Issuance of Long-Term Debt Natalie Corp. provides medical supplies to hospitals located in Western Washington and...

Issuance of Long-Term Debt

Natalie Corp. provides medical supplies to hospitals located in Western Washington and Oregon. This year, Natalie Corp. issued 8,400 bonds with a $1,000 face value. The nominal rate for each bond is 10%.

Required:

Prepare the necessary journal entries to record the issuance of these bonds assuming the bonds were issued (a) at par, (b) at 103, and (c) at 96.

a. Cash
Bonds Payable
b. Cash
c.
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