Business, 23.06.2019 12:40 youngchapo813p8d9u1

On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds of $393,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is:

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On january 1, a company issued and sold a $398,000, 6%, 10-year bond payable, and received proceeds...