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On January 3 1 , 2 0 2 1 , Hanover Logistics, Inc., issued five - year, 8 % bonds payable with a face value

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On January 31,2021, Hanover Logistics, Inc., issued five-year, 8% bonds payable with a face value of $9,000,000. The bonds were issued at 95 and pay interest on January 31 and July 31. Hanover Logistics amortizes bond discounts using the straight-line method.
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