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Roo Incorporated issued 50 10-year semiannual bonds with a face value of $1,000 and a stated rate of 16% when the market rate was 10%.

Roo Incorporated issued 50 10-year semiannual bonds with a face value of $1,000 and a stated rate of 16% when the market rate was 10%. Journalize the issuance of the bonds and the first 2 interest payments, if the effective interest method is used to amotize the premium or discount

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