Business, 13.07.2020 17:01 angiejtc0908

A company issued 7%, 15-year bonds with a par value of $480,000 that pay interest semiannually. The market rate on the date of issuance was 7%. The journal entry to record each semiannual interest payment is:

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A company issued 7%, 15-year bonds with a par value of $480,000 that pay interest semiannually. The...

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