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  3. 3 a company issues 5%,12-year bonds with a face a

3 A company issues 5%,12-year bonds with a face amount of $90,000 for $82,376...

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Accounting

3
A company issues 5%,12-year bonds with a face amount of $90,000 for $82,376 on January 1,2024. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31.
Required:
& 2. Record the bond issue and first interest payment on June 30,2024.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
3
points
Journal entry worksheet
1
2
Record the bond issue.
References
Note: Enter debits before credits.
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