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On the first day of the fiscal year, a company issues an $683,000, 9%, 5-year bond that pays semiannual interest of $30,735 ($683,000 x 9%
On the first day of the fiscal year, a company issues an $683,000, 9%, 5-year bond that pays semiannual interest of $30,735 ($683,000 x 9% x 1/2), receiving cash of $642,000. Journalize the entry to r...
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