AMD Corporation issues 8%,10-year bonds with a par value of $500,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of (871)/(2). Prepare the journal entry for the issuance of the bonds for cash on January 1. Please submit your file attachment response in one of the

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AMD Corporation issues 8%,10-year bonds with a par value of $500,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of (871)/(2). Prepare the journal entry for the issuance of the bonds for cash on January 1. Please submit your file attachment response in one of the approved file formats; Word file (.doc or .docx), Excel file (.xls or .xlsx), or PDF. To submit photo or image files please paste them into Word or PDF. Consult with your instructor as needed on their preferred file attachment format.

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