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Question 26 2 pts Solderman Company issued $510,000,7%, 10-year bonds for $422,800 with a market rate of 9%. The effective interest method of amortization is

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Question 26 2 pts Solderman Company issued $510,000,7%, 10-year bonds for $422,800 with a market rate of 9%. The effective interest method of amortization is used and interest is paid annually. The journal entry on the first interest payment date would include a: credit to Interest Expense of $35,700. credit to Cash of $35,700 credit to interest Expense of $38,052. credit to Cash of $38,052 Question 27 2 pts

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