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Business, 06.05.2020 22:14 wendymtz2004
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000.
journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.
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On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays se...
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