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Ip points On January 1, Enthy E issued $600,000 of 7% bonds payable at face...

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Accounting

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Ip points On January 1, Enthy E issued $600,000 of 7% bonds payable at face value. Interest is payable annually on December 31 . What is the annual inlerest expense on the bonds? $42,000$3,500$21,000 none of the above

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