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Issued $3,000,000 face value, 8% bond for $3,270,600. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from
Issued $3,000,000 face value, 8% bond for $3,270,600. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from this past December 1. The market effective interest rate is 6%
A. Prepare the journal entry for the initial issue of bonds
B. Prepare the first interest payment using the effective interest method.
C. Prepare the second interest payment using the effective interest method.
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Guidelines For Auditing Process Safety Management Systems
Authors: CCPS (Center For Chemical Process Safety)
2nd Edition
0470282355, 978-0470282359
