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Posted on Aug 30, 2024

On January 1 , 2 0 2 4 , Solo Incorporated issued 1 , 6 0 0 of 7 % , $ 1 , 0

On January

1, 2024,

Solo Incorporated issued

1, 600

7 %,

1, 000

bonds at

97 .

Interest is payable semiannually on January

1

and July

1

The bonds mature on January

1, 2034 .

Solo paid $

50, 000

in bond issue costsSolo uses straight

-

line amortization The amount of interest expense for

2024

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