Business, 24.03.2020 20:05 devinmoore4664
On January 1, Pacer Corporation issued $2,000,000, 13%, 5-year bonds with interest payable on July 1 and January 1. The bonds sold for $2,197,080. The market rate of interest for these bonds was 11%. On the first interest date, using the effective-interest method, the debit entry to Interest Expense is for Select one: a. $260,000. b. $130,000. c. $142,810. d. $241,679. e. $120,839.
Answers: 1
Business, 22.06.2019 22:20
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Answers: 2
On January 1, Pacer Corporation issued $2,000,000, 13%, 5-year bonds with interest payable on July 1...
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