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On January 1, Altman Company issued bonds that had a par value of $840,000 with a stated interest rate of 5% and a 5 year
On January 1, Altman Company issued bonds that had a par value of $840,000 with a stated interest rate of 5% and a 5 year maturity date. The bonds pay interest semiannually on June 30 and December 31 . The bounds are issue at par value. Record the journal entries Altman Company must record in its books at bond issuance, the first interest payment date, and at bond maturity
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