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Business, 28.07.2021 01:20 shaymabejja1965

Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate on the date of issuance was 6%, and the bonds pay interest semiannually. The journal entry to record the first semiannual interest payment using the effective interest amortization method is:

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Jones Company issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rat...

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