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Business, 02.02.2021 01:40 rainbowboy6055

National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature on December 31, 2024 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Required: 1. Determine the price of the bonds at January 1, 2021. 2. Prepare the journal entry to record their issuance by National on January

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National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January...
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