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Determine amounts for the following two transactions: (1) Issued $3,500,000 of 10-year, 5% bonds at 96, the interest paid semiannually. Cash received $ Discount on
Determine amounts for the following two transactions: (1) Issued $3,500,000 of 10-year, 5% bonds at 96, the interest paid semiannually. Cash received $ Discount on Bonds Payable $ Bond Payable $ (2) The 1st interest expense payment, including Amortized bond discount, using the straight-line method. Bond Interest Expense $ Amortization amount of Bond Discount $ Cash payment amount to bondholders $
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