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when patey pontoons issued 6 % bonds on january 1 2 0 2 4 with face amount of 6 0 0 , 0 0 0

when patey pontoons issued 6% bonds on january 12024 with face amount of 600,000 the market yield for the bonds of similar risk and maturity was 7% determine the price of the bonds at january 1,2024? prepare the journal entry to record their issuance by patey on january 1,2024? prepare an amortization schedule that determines interest at the effective rate each year?

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