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A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 10%. Using the straight-line method,prepare the issuer's journal

A company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 10%. Using the straight-line method,prepare the issuer's journal entries to record (A)the issuance of the bonds,and(B) the first semiannual interest payment and the amortization of any bond discount or premium.

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