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Sama Company issued S.R800,000 in bonds dated April 1, 2020, due in Four years with ten percent interest payable annually on April 1. At the

Sama Company issued S.R800,000 in bonds dated April 1, 2020, due in Four years with ten percent interest payable annually on April 1. At the time of issue, the market rate for such bonds is 12 percent.

- Journalize the transactions from April 1, 2020 to April 1, 2021 (show the calculation)?

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