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please anwser 6 points Save Answer Lesney Inc issued $900,000, 7%, 10-year bonds on December 31, 2021, for $731,760 cash. The current market rate is
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6 points Save Answer Lesney Inc issued $900,000, 7%, 10-year bonds on December 31, 2021, for $731,760 cash. The current market rate is 10%. The corporation uses the effective interest method. Interest is payable semiannually on June 30 and December 31. Prepare the journal entries to record the issuance of the bonds and the first interest payment. Enter your answer in the form of DR-account name and dollar value, CR-account name and dollar value. Your answer should be in the form of DR - account name and dollar value CR - account name and dollar value. (6 marks): For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 14px A > V IXStep by Step Solution
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