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A company issued 4%, 15-year bonds with a par value of $125,000, that pay interest semiannually. The market rate was 6%. What journal entry is
A company issued 4%, 15-year bonds with a par value of $125,000, that pay interest semiannually. The market rate was 6%. What journal entry is required to record one 6-month interest payment? Submit Cash $5,000 Bond Interest Expense $5,000 Cash $2,500 Bond Interest Expense $2,500 Bond Interest Expense Cash $5,000 $5,000 Bond Interest Expense Cash $3,750 $3,750 Bond Interest Expense Cash $2,500 $2,500
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