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Bozo Company issued $1,000,000 of 5 -year, 9% bonds on January 1, 2023. The bonds pay interest semi-annually on July 1 and January 1. If
Bozo Company issued $1,000,000 of 5 -year, 9% bonds on January 1, 2023. The bonds pay interest semi-annually on July 1 and January 1. If the bonds are issued at 96 , the journal entry to record the first semi-annual interest payment at July 1, 2023 will include a debit to Interest Expense for a. $90,000 b. $49,000 c. $45,000 d. $41,000 Clear my choice
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Cases In Auditing
Authors: Josephine Maltby
2nd Edition
1853963127, 978-1853963124
