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On the first day of the fiscal year, a company issues a $306,000, 12%, 10-year bond that pays semiannual interest of $18,360 ($306,000 x 12%
On the first day of the fiscal year, a company issues a $306,000, 12%, 10-year bond that pays semiannual interest of $18,360 ($306,000 x 12% x 1/2), receiving cash of $321,300. Journalize the entry to...
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
