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help please Required information [The following information applies to the questions displayed below] On January 1, when the market interest rate was 10 percent, Seton

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Required information [The following information applies to the questions displayed below] On January 1, when the market interest rate was 10 percent, Seton Corporation completed \$110,000, 9 percent bond 15sue for $103,237. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. lequired: . \& 2. Prepare the required journal entries to record the bond issuance ond the first interest payment an becernber 31 (If no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account fleld. Round your enswers to the nearest whole dolier.)

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