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Posted on Jul 13, 2024

Company Z issued a $5 million 5 year bond at a stated rate of %8 on January 1, the bond was sold to yield %10.

Company Z issued a $5 million 5 year bond at a stated rate of %8 on January 1, the bond was sold to yield %10. What is the entry to record the issuance of the bond and what is the year end entry at the end of the first year.

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