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Exercise 9-9 Record bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below. On January 1, 2018, Splash City issues
Exercise 9-9 Record bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below. On January 1, 2018, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $549,482
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