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To enlarge the showroom, bonds were issued and sold to cover the cost of remodeling. Sourdough Alaska sold $120000 par value, 6-year bonds, which pay
To enlarge the showroom, bonds were issued and sold to cover the cost of remodeling. Sourdough Alaska sold $120000 par value, 6-year bonds, which pay semiannual interest at 12% on Nov 30 and May 30. The current market rate is 10%. Record this transaction in the GJ and round
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