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Pizza Pier issues 7%. 10 year bonds with a face amount of $80,000 for %85, 951 on January 1, 2015. The market interest rate for

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Pizza Pier issues 7%. 10 year bonds with a face amount of $80,000 for %85, 951 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Record the bond issue. Record the first interest payment on June 30. 2015

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