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JAS Corporation wished to raise money for a series of upcoming projectsOn July 1, 2023,...

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Accounting

JAS Corporation wished to raise money for a series of upcoming projectsOn July 1, 2023, the company issued bonds with a face value of $4,982,009 due in 5 years, paying interest at a face rate of 7.0% on January 1 and July 1 each yearThe bonds were issued to yield 5% JAS used the effective interest method of amortization for bond discounts or premiums. The company's year-end was September 30

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