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please show the work Educators Credit Union (ECU) issued $300,000 of 20 year, 6% bonds payable on March 1, 2021. The December 31. Requirements: 1.

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Educators Credit Union (ECU) issued $300,000 of 20 year, 6% bonds payable on March 1, 2021. The December 31. Requirements: 1. Fill in the blanks: If the market rate of interest is 5% when ECU issued its bonds, will the bonds be priced at par, at a premium, or at a discount? b. If the market interest rate is 7% when ECU issued its bonds, will the bonds be priced at par, at a premium, or at a discount? 2. c. Journalize the following for ECU assuming the bonds are issued at 99: d. Issuance of the bonds on March 1, 2021. e. Payment of interest and amortization of discount on August 31, 2021. f. Accrual of interest and amortization of discount at December 31, 2021. 8. Payment of interest and amortization of discount on February 28, 2022

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