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Show Me How On the hrst...

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Accounting

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Show Me How On the hrst day of its fiscal year, Cin Company issued S 10,000, Interest is payable semiannually. The bonds were issued at a market (effective) 000 of five-year, 7% bonds to finance its operations of producing and selling home improvement products. interest rate of 8%, resulting in Chin Company receiving cash of $9,594,415 a. Journalize the entries to record the following First semiannual interest payment. The bond discount amortization, using the straight-ine method, is combined with the to the nearest dollar.) 3. Second semiannual interest payment. The bond discount amortization, using the straight-line method, is combined with the semiannual Interest payment. (Round your answer to the nearest dollar.) 1. 2. 3. Ned 19

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