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On October 1, 2024 Dongrae Corporation issued 5%, 10-year bonds with a face value of $6050000 at 95. Interest is paid on October 1 and
On October 1, 2024 Dongrae Corporation issued 5%, 10-year bonds with a face value of $6050000 at 95. Interest is paid on October 1 and April 1, with any premium or discount amortized on a straight-line basis. The entry to record the issuance of the bonds will include
| a. | $5747500 to Bonds Payable. | |
| b. | $302500 to Discount on Bonds Payable.
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| c. | $302500 to Premium on Bonds Payable.
| |
| d. | $121000 to Interest Payable. |
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