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On January t your company issues a 5 -year bond with a face vafue of $10,000 and a stated interest rate of 9% The morket

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On January t your company issues a 5 -year bond with a face vafue of $10,000 and a stated interest rate of 9% The morket interest rate is 78 . The issue price of the bond was 510,820 . Your company used the effective interest method of amortization, At the end of the first year-your company should Muluple Choice: debi interest Expense for $75700, debit Premilam on Bonds Pyrable for $143.00, and credit Cash for $900 debit interest Expense for $900, credit Premium on Bonds Payable for $143.00, and credit imerest Payoble for 5757.00. debit interest Expense for $900, debit Premium on Bonds Poyoble for $143.00, and credit interest Payable for 5757.00. debit interest Expense for $75700 and credit interest Payable for $757.00

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