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On January 1, 2014, Victor Corporation sold a $1,500,000, 10 percent bond issue (8 percent market rate). The bonds were dated January 1, 2014, pay
On January 1, 2014, Victor Corporation sold a $1,500,000, 10 percent bond issue (8 percent market rate). The bonds were dated January 1, 2014, pay interest each June 30 and December 31, and mature in four years.
2. Prepare the journal entry to record the interest payment on June 30, 2014. Use straight-line amortization
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