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On the first day of the fiscal year, a company issues a $417,000,11%,10-year bond that pays semiannual interest of $22,935 ( $417,00011%1/2 ), receiving cash
On the first day of the fiscal year, a company issues a $417,000,11%,10-year bond that pays semiannual interest of $22,935 ( $417,00011%1/2 ), receiving cash of $437,900. Journalize the entry for the first interest payment and amortization of premium using the straight-line method. If an amount box does not require an entry, leave it blank
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