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On March 31, 2015, when the market rate was 5%, World Inc issued $750,000, 5%, 10-year bonds. The bonds were dated December 31, 2014, and
On March 31, 2015, when the market rate was 5%, World Inc issued $750,000, 5%, 10-year bonds. The bonds were dated December 31, 2014, and were issued at par plus accrued interest. Interest is payable semiannually on June 30 and December 31. Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment. *
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Monitoring And Auditing Practices For Effective Compliance
Authors: John E. Steiner
2nd Edition
0977843017, 978-0977843015
