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X Corporation on January 1, 2020, issues $100,000 (100 bond @ $1000 face value) of 12% bonds due in 5 years with interest payable
X Corporation on January 1, 2020, issues $100,000 (100 bond @ $1000 face value) of 12% bonds due in 5 years with interest payable quarterly at year-end. The current market rate of interest for bonds of similar risk is 8%. Instructions: 1. What will the buyers pay for this bond issue? 2. Record the journal entry
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
12th edition
1305084853, 978-1305464803, 130546480X, 978-1305799448, 978-1305084858
