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Question Carnation Company issued $5,000,000 of 6%, 10-year bonds on one of its interest dates for $4,318,500 to yleld an effective annual rate of 8%.
Question Carnation Company issued $5,000,000 of 6%, 10-year bonds on one of its interest dates for $4,318,500 to yleld an effective annual rate of 8%. The effective Interest method of amortization is to be used. Prepare the joumal entry to record the second interest payment. View insert Format Tole Table 13 Purwaph BIVALS I O words P Quection 7 10 pts
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