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caramel cafe company issued 6,000,000 of 6% 10 year bonds on one of its interest dates for 5195000 to yield an effective annual rate of

caramel cafe company issued 6,000,000 of 6% 10 year bonds on one of its interest dates for 5195000 to yield an effective annual rate of 8%. the bond was issued at a discount. the effective interest method of amortization is to be used prepare the journal entry to record the second interest payment

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