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PLEASE answer all. 6 7 8 On January 1, 2021, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $82,000 for $74,910, priced
PLEASE answer all.
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On January 1, 2021, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $82,000 for $74,910, priced to yield 8%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.) Interest expense Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $58,000 for $58,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheetStep by Step Solution
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