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Business, 22.03.2021 23:00 smelcher3900

Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia Company issues 8.00%, 15-year bonds with a par value of $290,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6.00%, which implies a selling price of 114 3/4.

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Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on J...
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