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  3. n january 1, innovative solutions, inc, issued $17

n January 1, Innovative Solutions, Inc, issued $170,000 in bonds at face value. The bonds...

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Accounting

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n January 1, Innovative Solutions, Inc, issued $170,000 in bonds at face value. The bonds have a stated interest rate of 7 percent. The bonds mature in 10 years and pay interest once per year on December 31 Required: 1, 2& 3 on ately after December 31, early retirement of the bonds. Assume the bonds were retired i the first interest payment at a quoted price of 102. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ournal entry worksheet 2 Record the issuance of bonds of $170,000 at face value. Date General Journal Debit Credit

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