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The bond payable was sold on 1/1/20 for $5,452,336. The bond maturity value is $4,800,000 and the coupon rate is 10% payable semi-annually on July
The bond payable was sold on 1/1/20 for $5,452,336. The bond maturity value is $4,800,000 and the coupon rate is 10% payable semi-annually on July 1 and December 31. The original maturity term was 10 years.
Adjusting/Journal Entries
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