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Question 13 2 pts On October 1, 2020 Concord Corporation issued 8%, 10-year bonds with a face value of $8,000,000. The bonds were issued to
Question 13 2 pts On October 1, 2020 Concord Corporation issued 8%, 10-year bonds with a face value of $8,000,000. The bonds were issued to yield 6%. Interest is paid on October 1 and April 1 (semi- annually). The entry to record the issuance of the bonds would include a cr. $1,190,198 to premium on bond payable cr. $7,747,200 to bonds payable dr. $8,000,000 to bonds payable dr. $1,190,198 to discount on bond payable
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