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4: Information from Beastly Brothers' balance sheet as of December 31, 2019: The bonds have a stated interest of 5 percent paid annually, and will

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4: Information from Beastly Brothers' balance sheet as of December 31, 2019: The bonds have a stated interest of 5 percent paid annually, and will mature on December 31 , 2021. Compute the effective interest rate when the bonds were issued. What journal entry should Beastly record on December 31,2020

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