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On July 1, a company issues an $800,000 6% 5-year bond that pays semiannual interest of $24,000 (S800 000-6% 2) rece ng cash of$690,960 Required

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On July 1, a company issues an $800,000 6% 5-year bond that pays semiannual interest of $24,000 (S800 000-6% 2) rece ng cash of$690,960 Required Journalize the entry to record the frst interest payment and the amortization of the related bond discount/premium using the straight-ine method Refer to the Chart of Accounts for exact wording of account tities

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