Mendez Corporation issues 3,000, 10-year, 8%, $1,000 bonds dated January 1, 2010, at 103.


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Mendez Corporation issues 3,000, 10-year, 8%, $1,000 bonds dated January 1, 2010, at 103. 1 answer below ยป Mendez Corporation issues 3,000, 10-year, 8%, $1,000 bonds dated January 1, 2010, at 103. The journal entry to record the issuance will show a credit to Bonds Payable for $3,015,000. credit to Cash for $3,090,000. debit to Cash of $3,000,000. credit to Premium on Bonds Payable for $90,000. Dec 08 2013 12:20 AM

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