Business, 22.07.2019 06:10 rubencharomarti

On january 1, a company issues bonds dated january 1 with a par value of $790,000. the bonds mature in 3 years. the contract rate is 10%, and interest is paid semiannually on june 30 and december 31. the bonds are sold for $781,000. the journal entry to record the first interest payment using straight-line amortization is:

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On january 1, a company issues bonds dated january 1 with a par value of $790,000. the bonds mature...

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