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sissippi Waler Company has 5% 10-year bonds payable at mature on June 30, 2028. The bonds are i sued on June 30, 2018, and Mississippi

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sissippi Waler Company has 5% 10-year bonds payable at mature on June 30, 2028. The bonds are i sued on June 30, 2018, and Mississippi Water pays erest each June 30 and December 31 ead the requirements equirement 1. W the bonds be issued at face value at a rem urn, or at a discount i the market interest rate on the date ofi suance is 6%?! the market interest rate is 10%? lf the market interest rate is 6%, the bonds will be issued at lf the market interest rate is 10%, the bonds will be issued at Requirement 2. Mississippi Water issued $1,100,000 of the bonds at 92. Round all calculations to the nearest dollar a. Record ssuance of the bonds on June 30, 2018 (Record delbils first, then credits. Select explanations on the last line of the journal entry, Round your answers to the nearest whole dolliar.) DebitCredit Date 2018 (a) Jun. 30 Accounts and Explanation Choose from any list or enter any number in the input fields and then continue to the next question Save for Later

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