On July 1, Eloise Co. issued $3,000,000 of 10-year, 8% bonds…
On July 1, Eloise Co. issued $3,000,000 of 10-year, 8% bonds at face value. Interest on the bonds is payable semiannually on December 31 and June 30. As a result of this transaction, net assets of the company _____.
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