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Waelchi Corporation issues $1,700,000 in bonds on January 1, 2022. The bonds mature in 8 years, have an annual coupon rate of 4%, and pay
Waelchi Corporation issues $1,700,000 in bonds on January 1, 2022. The bonds mature in 8 years, have an annual coupon rate of 4%, and pay interest semiannually on June 30 and December 31. The annual market interest rate is 6%. How would Waelchi Corporation account for the sale of these bonds on January 1, 2022? If necessary, round your answer to the nearest dollar. X X X Account No Journal Entry Required Correct Answer: Debit Credit Score 0/0.67 0/0.67 0/0.67 Weelchi Corporation issues $1,700,000 in bonds on January 1,2022. The bonds mature in 8 years, have an annual coupon rate of 4%, and pay interest semiannually on June 30 and December 31 . The annual market interest rate is 6$. How would Woelchi Corporation account for the sale of these bonds on January 1,2022? if necessary, round your answer to the nearest dollar. No Joumal Entry Required
Waelchi Corporation issues $1,700,000 in bonds on January 1, 2022. The bonds mature in 8 years, have an annual coupon rate of 4%, and pay interest semiannually on June 30 and December 31. The annual market interest rate is 6%. How would Waelchi Corporation account for the sale of these bonds on January 1, 2022? If necessary, round your answer to the nearest dollar. X X X Account No Journal Entry Required Correct Answer: Debit Credit Score 0/0.67 0/0.67 0/0.67
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