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Business, 14.10.2019 23:20 jaylennkatrina929

On the first day of the fiscal year, a company issues a $3,500,000, 6%, five-year bond that pays semiannual interest of $105,000 ($3,500,000 Γ— 6% Γ— Β½), receiving cash of $3,350,000. journalize the first interest payment and the amortization of the related bond discount.

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