Hartley Corporation issued $640,000 of 5%, 12% bonds payable on March 31, 2019, The market...
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Accounting
Hartley Corporation issued $640,000 of 5%, 12% bonds payable on March 31, 2019, The market interest rate at the date of issuance was 9%, and the bonds pay interest semiannually. Hartley Corporation's year-end is March 31.
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