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For the following bond prepare a journal entries for both the seller and the buyer regarding the sale on January 1st. The first three years
For the following bond prepare a journal entries for both the seller and the buyer regarding the sale on January 1st. The first three years of interest payments, using the interest method, and the retirement of this bond at 97%.
$1,000,000 ten year bonds, stated 9%, market 8%, interest paid semi-annual.
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