2) The Alpha Company issued a bond. The Face amount is %500,000, the effective interest...
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Accounting
2) The Alpha Company issued a bond. The Face amount is %500,000, the effective interest rate is 6%, the stated rate is 4%, it will rapture in five years and interest is paid one time per year on December 31. Using the effective interest method prepare all journal entries that apply to the bond over its' useful life. (20 Points)
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