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  3. a bond issued by vatcom is $115,000 for 9% for 7 y

A bond issued by VatCom is $115,000 for 9% for 7 years. Interest Jan...

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Accounting

A bond issued by VatCom is $115,000 for 9% for 7 years.
Interest Jan 1 and Jul 1
1. Calculate interest expense
2 . Post entry for sale of bonds
3. Post entry for interest
At premium of 104.30
At discount of 97.22

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