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How do I journalize this problem:Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six
How do I journalize this problem:Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method.
c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually
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