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please explain how to do it Giants Inc. has issued two types of debt on January 1, 2021, the start of the company's fiscal year
please explain how to do it
Giants Inc. has issued two types of debt on January 1, 2021, the start of the company's fiscal year (Jan.1-Dec. 31) 1. $30 Million par of 10 year, zero-coupon bonds at a price to yield 12% per year. 2. $15 million, 10-year, 10% unsecured bonds, interest payable semi-annually to yield 12%, on July 1, and on January 1. 2. Prepare Journal entries for both bonds for 2021, 2022, and 2023 using Effective Interest and Straight Line Methods of amortization Step by Step Solution
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