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The Gonzalez Group issued $900,000 of 11% bonds on June 30, 2024, for $977,220. The...

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Accounting

The Gonzalez Group issued $900,000 of 11% bonds on June 30, 2024, for $977,220. The bonds were dated on June 30 and mature on June 30, 2044 (20 years). The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually on December 31 and June 30

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