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Bond Premium, Entries for Bonds Payable Transactions Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $36,300,000 of 10-year,
Bond Premium, Entries for Bonds Payable Transactions
Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $36,300,000 of 10-year, 14% bonds at a market (effective) interest rate of 13%, receiving cash of
$38,299,974. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
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For all journal entries, It an amount box does not require an entry, leave it blank
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