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Prepare the joumal entry to record the repayment on the maturity date-January 1,2030. Assume the final interest payment was made on December 31, 2029. Calculate

Prepare the joumal entry to record the repayment on the maturity date-January 1,2030. Assume the final interest payment was made on December 31, 2029. Calculate the total cost of borrowing for these bonds over their 10 year life

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