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Bee Corporation issued 10 year, 11% bonds with a face value of 2,050,000. The bonds were sold to yield 6%. Interest is payable annually on

Bee Corporation issued 10 year, 11% bonds with a face value of 2,050,000. The bonds were sold to yield 6%. Interest is payable annually on January 1.

1. What is the price of the bonds?

2. Record the bond issuance on 1/1/2013.

Accounts	Debit	Credit

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