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Issuing at Par, a Premium, or a Discount Desh Enterprises is planning to issue 600 bonds, each having a face amount of $1,000. Required:
Issuing at Par, a Premium, or a Discount Desh Enterprises is planning to issue 600 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. If an amount box does not require an entry, leave it blank. Record issuance of bonds at par 88 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. If an amount box does not require an entry, leave it blank. Record issuance of bonds at premium 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. If an amount box does not require an entry, leave it blank. Record issuance of bonds at discount 4. Conceptual Connection: Assuming the stated rate is identical for the previous three scenarios, in which scenario is the market rate of interest (yield) highest? The bonds sell at
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