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Posted on Sep 09, 2024

On January 1 , Porter Corporation issued $ 5 0 0 , 0 0 0 , 6 % , 5 - year bonds at 1

On January

1,

Porter Corporation issued $

500, 000, 6 %, 5 -

year bonds at

100 .

Interest is payable semiannually on July

1

and January

1 .

The company prepares financial statements on June

30

and December

31

only.

The dollar amount of semiannual interest is:

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