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Can you folks give me an answer to check what I came up with which was $57,000. XYZ Corp decides to issue(sell) a $50,000 one
Can you folks give me an answer to check what I came up with which was $57,000. "XYZ Corp decides to issue(sell) a $50,000 one year bond, at 10% bonds to yield an issue price of $52,000. What would be the amount I would need to record as a journal entry as a credit to Bonds Payable?
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