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(iii) To finance the growth of the company, ZW issued $500,000 of ten-year, 10% bonds on January 1, 2020. The bonds pay interest semiannually on
(iii) To finance the growth of the company, ZW issued $500,000 of ten-year, 10% bonds on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31, starting from June 30, 2020. The bonds are sold to yield 8%. For the bonds in (ii), complete the following: (c) Determine the selling price on January 1, 2020. Round your answers to the nearest dollar. (3 marks) (d) Prepare the journal entry for the issuance of bonds on January 1, 2020. (2 marks) (e) Construct an amortization table for the bonds for 2020. Round your answers to the nearest dollar. (4 marks) (1) Prepare the journal entry to record the first interest payment on June 30, 2020
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