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# 5 a company issued 10-year, 9% bonds with a par value of $500,000 when...

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Accounting

# 5 a company issued 10-year, 9% bonds with a par value of $500,000 when the market rate was 9.5%. The company recieved 484,087 in cash proceeds. Using straight-line method, prepare the issuer's journal entry to record the first semi annual interest payment and the amortization of any bond discount or premium.

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