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On January 1, 2010, Applied Technologies Corporation (ATC) issued $600,000 in bonds that mature in 10 years. The bonds have a stated interest rate of
On January 1, 2010, Applied Technologies Corporation (ATC) issued $600,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 10 percent. When the bonds were issued, the market interest rate was 10 percent. The bonds pay interest once per year on December 31 Prepare the journal entry to record the bond issuance
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