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On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in...

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Accounting

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On January 1, Renewable Energy issues bonds that have a $20,000 par value, mature in eight years, and pay 12% interest semiannually on June 30 and December 31, 1. Prepare the journal entry for Issuance assuming the bonds are issued at (a) 99 and (b) 103, 2. How much interest does the company pay (in cash) to its bondholders every six months of the bonds are sold at par? Ints Complete this question by entering your answers in the tabs below. Boo Print References Required 1 Required 2 Prepare the journal entry for Issuance assuming the bonds are issued at (a) 99 and (b) 103. View transaction list Journal entry worksheet

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