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Problem III. Prepare journal entries for the following transactions. (20 points total) 1/1/2016 Sold a $8,000,000 bond @ 102.0 with 7% interest, the current mkt.

Problem III. Prepare journal entries for the following transactions. (20 points total) 1/1/2016 Sold a $8,000,000 bond @ 102.0 with 7% interest, the current mkt. interest rate is 6%, the Bond is for 1...

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