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Please Answer Asap will leave review Complete this packet NEATLY in PENCIL ACC1810 - PRINCIPLES OF FINANCLAL ACCOUNTING Project 10: Long-Term L.iabilities (Ch 10) Part

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Complete this packet NEATLY in PENCIL ACC1810 - PRINCIPLES OF FINANCLAL ACCOUNTING Project 10: Long-Term L.iabilities (Ch 10) Part A: Bonds Payable (Discount) STUDENT LAST NAME: STUDENT FIRST NAME: On July 1, 2021, Rehearse Corporation issued $34,000,000 of 20 -year, 12% bonds to finance its operations. The bonds were issued at a market (effective) interest rate of 13%, resulting in Rehearsal corporation receiving cash of $31,595,241. Interest is payable semiannualy on 12/31 and 6/30. The company uses the straight-line method to amortize the bond discount, REQUIRED: Joumalize the entries to record the following: 07/01/21 - issuance of the bonds 12/31/21 - the first semianual interest payment, including amortization of the bond discount, Round to the nearest dollar, 06/30/22 - the second semiannual interest payment, including amortization of the bond discount. Round to the nearest dollar

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