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Company X issued a $90,000, 5-year bond at 6% interest payable semi-annually. Calculate the semi-annual interest payment, the total interest expense over the bond's life,
Company X issued a $90,000, 5-year bond at 6% interest payable semi-annually. Calculate the semi-annual interest payment, the total interest expense over the bond's life, and the total amount repaid at maturity. Provide journal entries for the bond issuance and interest payments.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
