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On January 1 , Renewable Energy issues bonds that have a $50,000 par value, mature in four years, and pay 19% interest semiannually on June
On January 1 , Renewable Energy issues bonds that have a $50,000 par value, mature in four years, and pay 19% interest semiannually on June 30 and December 31. 1. Prepare the journal entry for issuance assuming the bonds are issued at (a)99 and (b)1031/2. 2. How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par? Record the issuance for bond at 99. Note: Enter debits before credits. Record the issuance for bond at 1031/2. Note: Enter debits before credits
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