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6. Kitzel Corp. issued $200,000 of 10-year bonds on January 1, 2020. The bonds have a stated rate of interest of 12% per year payable

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6. Kitzel Corp. issued $200,000 of 10-year bonds on January 1, 2020. The bonds have a stated rate of interest of 12% per year payable in one installment on December 31st of each year. The market interest rate is 10%. a. Is this bond issued at a Premium, a Discount, or at Face Value? How do you know? b. What is the annual interest payment amount on this bond? C. What is the issue price of the bonds on January 1, 2020? d. Prepare the journal entry to record the issuance of the bonds on 1/1/2020? 1/1/2020

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