Discount on Bonds Payable Journal Entry
http://frameconsultants.com/wp-content/themes/osmosis/images/empty/thumbnail.jpg 150 150 Frame Consultants Limited Frame Consultants Limited http://frameconsultants.com/wp-content/themes/osmosis/images/empty/thumbnail.jpgThe amount recognized equates to the market rate of interest on the date when the bonds were sold. When a corporation is preparing a bond to be issued/sold to investors,…