Business, 08.08.2019 22:30 lilyclairehutson

On january 1, a company issues bonds dated january 1 with a par value of $360,000. the bonds mature in 5 years. the contract rate is 9%, and interest is paid semiannually on june 30 and december 31. the market rate is 10% and the bonds are sold for $346,096. the journal entry to record the first interest payment using the effective interest method of amortization is:

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On january 1, a company issues bonds dated january 1 with a par value of $360,000. the bonds mature...

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