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1. Gedunk, Inc. issues 200 10-year 8% bonds to yield 10%. Although the bond date is 1/1/A, Gedunk issues the bonds on 4/1/A as part
1. Gedunk, Inc. issues 200 10-year 8% bonds to yield 10%. Although the bond date is 1/1/A, Gedunk issues the bonds on 4/1/A as part of their annual "April Fools' Day" celebration. Provide a. the issuance entry and b. the entry to record their first interest payment. Of course, Gedunk uses the 'real' interest method. [a. cash received: 179780; b. interest expense 13184]
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