Business, 14.05.2021 05:10 dixonkaleo9

On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. The journal entry to record interest on June 30, 2021, would include:

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On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, wit...

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