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Question 3 On April 15, 20x1, a publicly accountable entity issued bonds dated December 31, 20x0. The bond characteristics are as follows: Face value of
Question 3
On April 15, 20x1, a publicly accountable entity issued bonds dated December 31, 20x0.
The bond characteristics are as follows:
Face value of bonds $100,000,000
Coupon rate 3.7%
Yield to maturity on date of issue 3.9%
Term 30 years
Interest payment dates Jun 30 and Dec 31
Required
Prepare all journal entries relative to this bond issue for the year ended December 31,
20x1.
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