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4. On January 1, 2020, a corporation issued $600,000,6%,10-year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of

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4. On January 1, 2020, a corporation issued $600,000,6%,10-year bonds. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 8%. [A]. Determine the selling price of the bond. [B]. Prepare the journal entry to record the issurance of bonds. [C]. Was the bond issued at par, at a discount, or at a premium? [D]. Will interest expense over the life of the bond be greater than, less than, or equal to the total cash interest payment over the life of the bond

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