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Problem 4 Bond issued at a premium 20 Points A Corporation issues bonds with a 100000 par value a 10 annual interest rate annual interest

Problem 4 Bond issued at a premium 20 Points A Corporation issues bonds with a 100000 par value a 10 annual interest rate annual interest payments and a 5 year life The market rate for the bond is 8 This corporation uses the straightline method to amortize bond premiums Record the journal entries for the following transactions

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