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On January 1 of this year, LeBron Company issued bonds with a face value of $ 1 million and a coupon rate of 9 percent.
On January of this year, LeBron Company issued bonds with a face value of $ million and a coupon rate of percent. The bonds mature in years and pay interest semiannually every June and December When the bonds were issued, the annual market rate of interest was percent. Lebron uses the effectiveinterest amortization method.
Required:
Record the issuance of the bonds on January of this year. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided. If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in dollars not in millions. Round your intermediate and final answers to whole dollars.
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