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5: +nds Payable-issuance semi-annual at a discount Ozzie Grey, Inc. (OGI) issues a 7 year ( $ 12,000,000 ) bond with a stated interest rate
5: +nds Payable-issuance semi-annual at a discount Ozzie Grey, Inc. ("OGI") issues a 7 year \\( \\$ 12,000,000 \\) bond with a stated interest rate of \\( 5 \\% \\) on Janary 1,2018 . The bond will pay interest semi-annually on June 30th and December 31 st. The market rate of interest is \\( 6 \\% \\). 1. Prepare the journal entry 2. prepare the balance sheet presentation
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
