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Business, 25.07.2020 06:01 bray40

Mason Automotive issues a bond payable on January 1st, 2018 with a face value of $200 Million at 101. The bond will have a useful life of 5 years with an interest payment of 5% (Annual Percentage Rate) due at the end of the month. Required:
Record the necessary journal entry as of January 1st 2018.

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Mason Automotive issues a bond payable on January 1st, 2018 with a face value of $200 Million at 101...
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