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Business, 27.07.2021 23:20 Unkn0wn3815

On January 1, Innovative Solutions, Inc., issued $150,000 in bonds at face value. The bonds have a stated interest rate of 6 percent. The bonds mature in 10 years and pay interest once per year on December 31. Required:
Write down the required journal entries to record the bond issuance, interest payment on December 31, early retirement of the bonds.

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On January 1, Innovative Solutions, Inc., issued $150,000 in bonds at face value. The bonds have a s...
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