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Business, 11.03.2020 23:15 ummitsjustjae

On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bonds pay interest semiannually. The market rate of interest is 8% and the bond selling price was $1,864,097. The bond issuance should be recorded as:

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On January 1, Parson Freight Company issues 7%, 10-year bonds with a par value of $2,000,000. The bo...

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