Business, 06.08.2021 21:50 mattybacchetti

Legacy issues $680,000 of 6.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $645,669 when the market rate is 8%. Prepare the journal entries to record the first two interest payments.

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Legacy issues $680,000 of 6.5%, four-year bonds dated January 1, 2019, that pay interest semiannuall...