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  3. a company issued $500,000 of 7% bonds on october 1

A company issued $500,000 of 7% bonds on October 1,2023 for $536,798 to yield a...

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Accounting

A company issued $500,000 of 7% bonds on October 1,2023 for $536,798 to yield a 6% effective rate. The bonds were dated October 1,2023, and mature in 10 years, with interest payable annually on October 1st. The adjusting journal entry on December 31,2023 would include
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