InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30^th). The effective interest rate was 8%.
Use the financial statement effects template below to record the bond issue and InterTech's first two interest payments.

Question

InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30^th). The effective interest rate was 8%.
Use the financial statement effects template below to record the bond issue and InterTech's first two interest payments.
InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30<sup>th</sup>). The effective interest rate was 8%. Use the financial statement effects template below to record the bond issue and InterTech's first two interest payments.

Quizplus · Accepted Answer

The Answer of InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30^th). The effective interest rate was 8%. Use the financial statement effects template below to record the bond issue and InterTech's first two interest payments.

InterTech Corporation Needed Financing to Build a New Manufacturing Plant