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Question 21 4 pts 12 1/1/20 Company Z issues bonds with a par value of $1,000,000, they mature in 10 years, and pay 5%

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Question 21 4 pts 12 1/1/20 Company Z issues bonds with a par value of $1,000,000, they mature in 10 years, and pay 5% interest semiannually on 6/30 and 12/31. The bonds are sold at a discount of 95% due to a contract rate that is less than the market rate. Amortization is straight line. The journal entry for the issuance of the bonds on 1/1/20 would have a debit to cash in the amount of: [Select] The journal entry for the issuance of the bonds on 1/1/20 would have a: [Select] The cash paid at each interest payment would be: [Select] The number of periods (number of times the interest payment is made) in the bonds payable is: [Select] When the interest payments are made, the discount on bonds payable are amortized by: [Select] If instead of issuing the bonds at 95, they are issued at 105, then: [Select]

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