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6. Nurse Company authorized a $1,000,000, five-year, 12% bond issue dated November 1, 2020, with interest being paid on April 30 and October 31. On

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6. Nurse Company authorized a $1,000,000, five-year, 12% bond issue dated November 1, 2020, with interest being paid on April 30 and October 31. On November 1, 2020, the bonds were sold for $994,680. Required: a) Record the journal entry to record the sale of the bonds. b) Nurse Company has a December 31, 2020 year end. Prepare the required adjusting entry assuming that straight-line amortization is used. Show your calculations. c) Was the bond issue at par, at a discount, or at a premium? How do you know? d) Will interest expense be greater than or less than the cash payments for interest

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