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Business, 12.03.2020 00:04 pennstatealum

On January 1, 2021, White Water issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 6% and the bonds issued at $580,169

1. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021 and December 31,2021.

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