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eBook On the first day of its riscal year, Ebert Company issued 527,000,000 of 5 year, 8bonds to finance its operations. Interest is payable semiannually.
eBook On the first day of its riscal year, Ebert Company issued 527,000,000 of 5 year, 8bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective interest rate of 10%, resulting in Ebert Company receiving cash of $24,915,049. The company uses the interest method a. Journalize the entries to record the tohowing: 1. Sale of the bonds. Round amounts to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank 2. First semiannual interest payment, including amortization of discount. Round to the nearest dollar. For a compound transaction, if an amount box does not require an entry, ve it blank. 3. Second semiannual interest payment, including amortization of discount. Round to the nearest dollar. For a compound transaction, if an amount box does not require an entry, leave it blank
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