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5. On October 1, 2020 Green Corporation issued 5%, 10-year bonds with a face value of 2,000,000 at 2,160,000 (a 4% yield). Interest is paid
5. On October 1, 2020 Green Corporation issued 5%, 10-year bonds with a face value of 2,000,000 at 2,160,000 (a 4% yield). Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis. The entry to record the issuance of the bonds would include a credit of: (2 Points) O 2,160,000 to Bonds Payable. 50,000 to Interest Payable. 160,000 to Bonds Payable. 0 2,000,000 to Bonds Payable
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