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$84,602 Question 25 4 pts Kwancom Corporation, a calendar-year firm, is authorized to issue $300,000 of 8 percent, 15-year bonds dated January 1, 2019. with

$84,602 Question 25 4 pts Kwancom Corporation, a calendar-year firm, is authorized to issue $300,000 of 8 percent, 15-year bonds dated January 1, 2019. with interest payable on January and July 1 of each year. The market rate on the date of issuance was 10% and the bonds were issued at $253,883. The entry to account for the discount amortization and accrual of interest on July 1, 2019, would include a: Credit to Discount on Bonds Payable Credit to Interest Payable Debit to Cash Debit to Premium on Bonds Payable Debit to Bonds Payableimage text in transcribed

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