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On the first day of the fiscal year, a company issues a $500.000, 6%, 10-year bond that pays semiannual interest of $15.000 ($500,000 x 6%
On the first day of the fiscal year, a company issues a $500.000, 6%, 10-year bond that pays semiannual interest of $15.000 ($500,000 x 6% * 1/2), receiving cash of $544,913. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method
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