1. On January 1, 2013, Daniels Corporation issued $5,000,000, 10-year, 8% bonds at 103.
1. On January 1, 2013, Daniels Corporation issued $5,000,000, 10-year, 8% bonds at 103. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2013 is a. Cash 5,000,000 Bonds…