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Compute the market price of the bonds. Determine whether the bonds will sell at a premium or discount. Journalize the entry to record the issuance

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Compute the market price of the bonds. Determine whether the bonds will sell at a premium or discount. Journalize the entry to record the issuance of the bonds on January 1, 2012 Prepare a schedule to amortize the premium or discount using the effective interest method of amortization. Journalize the entries to record the interest payments on January 1 and July 1, 2012

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