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Semiannual Intereston June 30 and becember 31. The bands were issued at a price of...

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Accounting

Semiannual Intereston June 30 and becember 31. The bands were issued at a price of 1,195,000.

  • Prepare the journal entry to record the bonds' issuance.
  • For each semi-annual period, compute a. the cash payment, b. the straight line discount, and c. the bond interest expense.
  • Determine the bond interest expense over the life of the bond.

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