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Your company issued 1,000, 3.5% (face value of each bond is $1,000) at 97.7544 on July 1st, 2019. The bonds are due on July 1st,
Your company issued 1,000, 3.5% (face value of each bond is $1,000) at 97.7544 on July 1st, 2019. The bonds are due on July 1st, 2024, with interest payable each January 1 and July 1. The market rate at the time of the bond issuance was 4.0 percent. Use the effective interest method to calculate both the interest expense and the amortization of the bond discount when each interest payment is made.
Working on the balance sheet for a project for 2019. What will the journal entries for this be?
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