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Question 27 3.33 pts a b. Legacy Issues $750,000 of 8%, four year bonds dated January 1, 2020, that pay interest semiannually on June 30

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Question 27 3.33 pts a b. Legacy Issues $750,000 of 8%, four year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $656,844 when the market rate is 12% What journal entry would Legacy record to record the interest payment on December 31, 2020? Bond Interest Expense 39.975 Discount on Bonds Payable 9.975 Cash 30,000 Bond Interest Expense 30.000 Cash 30.000 Bond Interest Expense 30,000 Premium on Bonds Payable 9.975 Cash 39,975 Bond Interest Expense 39,411 d. Discount on Bonds Payable 9,411 Cash 30,000 Bond Interest Expenses 30,000 Premium on Bonds Payable 9.411 Cash 39.411 C a e. b. d

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