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Chart of Accounts On January 1 the first day of its fiscal year, Chin Company issued S24 200,000 of five-year 11% bonds selling home improvement
Chart of Accounts On January 1 the first day of its fiscal year, Chin Company issued S24 200,000 of five-year 11% bonds selling home improvement products. Interest is payable semiannually The bonds were issued at a market effective) interest rate of 13%, resulting in Chin Company receiving cash of $22,460,.399 to finance its operations of producing and semiannual interest 1238 PM
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