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The Golden Company issues of ​%, 10year bonds at on March​ 31, 2019. The bonds pay interest on March 31 and September 30. Assume that the company uses the straightline method for amortization. The journal entry to record the issuance includes a

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Answer:

Debit to Cash for $560,560

Explanation:

Based on the information given we were told that the Company issues the amount of $539,000 at 104 on March 31 2019 this means that the journal entry to record the issuance will includes a:

Debit to Cash for $560,560.

Calculated as :

Cash received = $539,000 × 104%

Cash received = $560,560