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On December 31, 2018, when the market interest rate is 12%, a company issues $450,000 of 9.25%, 10-year bonds for $379,119. The company uses the

On December 31, 2018, when the market interest rate is 12%, a company issues $450,000 of 9.25%, 10-year bonds for $379,119. The company uses the effective-interest amortization method. interest is paid each June 30th and Dec 31st. (Round amounts to the nearest whole dollar. Select journal entry explanations on the last row of the tables.) image text in transcribed
Score: 0 of 10 pts 13 of 20/12 complete Instructor-created question On December 31, 2018, when the market interest rate is 125, a company issues $450,000 of 9.25%, 10 year bonds for $379.118 The company uses the effective interest amortization method. Interest is paideachJune 30th and Dec 31st (Round amounts to the nearest whole dollar. Selectual explanations on the last row of the bes) 00 Prepare the entry on June 30, 2019 Accounts and Explanation Debit Credit 2019 A 30 00) Prepare the entry on December 31, 2019 Accounts and Explanation Debit 2019 Dec 31

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