On january 1, 2021, twister enterprises, a manufacturer of a variety of transportable spin rides, issues $530,000 of 7% bonds, due in 20 years, with interest payable semiannually on june 30 and december 31 each year. required: 1. if the market interest rate is 7%, the bonds will issue at $530,000. record the bond issue on january 1, 2021, and the first two semiannual interest payments on june 30, 2021, and december 31, 2021.
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On january 1, 2021, twister enterprises, a manufacturer of a variety of transportable spin rides, is...
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