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Question 7 TB MC Qu. 10-89 (Algo) A company issued... A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest

Question 7

TB MC Qu. 10-89 (Algo) A company issued...

A company issued 8%, 15-year bonds with a par value of $500,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each semiannual interest payment is:

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