DB Company issued $200,000,000 of 8%20-year bonds at 101 on 1//1//23 to yield 7.5%. Interest...
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Accounting
DB Company issued $200,000,000 of 8%20-year bonds at 101 on 1//1//23 to yield 7.5%. Interest is paid on June 30 and December 31. Using effective-interest amortization, calculate interest expense and record 6//30//23 and 12//31//23 journal entries.
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