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On January 1, a company issues bonds dated January 1 with a par value of...

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Accounting

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On January 1, a company issues bonds dated January 1 with a par value of $320,000. The bonds mature in 5 years. The contract rate is 7% and interest is paid semiannually on June 30 and December 31 The market rate is 6% and the bonds are sold for $333,650. The journal entry to record the first interest payment using straight-line amortization (Rounded to the nearest dollar) Multiple Choice Deterest Payable $1.200 ROCA 1200 tone hond interese peres 313.50 cent home on tends Perana ses, crede ca 54,200 Dahit Bore interesat e 312.06. Deur Bon Pure C200 De bon rap.3. Promo Bonde Pyeti EC 200 Dube Bond 25. deconds Patie C7.200

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