Business, 06.04.2020 18:29 missinghalloween13

On January 1, 2021, a company issues $720,000 of 8% bonds, due in six years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $754,788.
Required:
(a) Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. (Round your answers to the nearest dollar amount.)

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On January 1, 2021, a company issues $720,000 of 8% bonds, due in six years, with interest payable s...

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