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on January 1, 2016 North Company issued $2000000 of bonds with a stated rate of 10% that...

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Accounting

onJanuary 1, 2016 North Company issued $2000000 of bonds with astated rate of 10% that are due to mature December 31, 2025, andpay interest semiannually. The market rate of interest was 9% atthe date of issuance. Prepare the journal entry for the sale of thebonds on January 1, 2016. Prepare a Amortizationschedule.

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