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Business, 27.12.2020 15:20 gingerham1

On January 1, 2019, Castle Services issued $ 174 comma 000 of sixminus year, 12 % bonds when the market interest rate was 11 %. The bonds were issued for $ 180 comma 000 . Castle uses the effectiveminus interest method to amortize the bond premium. Semiannual interest payments are made on June 30 and December 31 of each year. Write down the correct journal entry to record the first interest payment? (Round your answers to the nearest dollar number.)

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On January 1, 2019, Castle Services issued $ 174 comma 000 of sixminus year, 12 % bonds when the mar...

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