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ABC Inc. has available for issue $780,000 bonds due in seven years. Interest at the rate of 8% is to be paid semi-annually. Please make sure your final answer(s) are accurate to the nearest whole number. a) Calculate the issue price if the market interest rate is 6%. Total issue price $ b) Prepare the journal entry for the issuance of the bond on January 1. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). General Journal Page GJ1 Date Account/Explanation F Debit Credit

whole number ABC boches avalotio for esse $700,000 bonitas dae in sever yours interest of the tuto of 0% is to be paid sem wypowe make sure your holower(s) are accurate to the moment a) Calculate the issue price of the market interest rates Total prices b) Propare the journal entry for the issuance of the bond on January 1 Entot an appropriate description, and enter the date in the format ddim (156) Page 1 General Journal Arco Explanation F Debit Credit +