on January 1,2025, Carla Company sold 11% bonds having a maturity value of $700,000.00 for...

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Accounting

on January 1,2025, Carla Company sold 11% bonds having a maturity value of $700,000.00 for $726,535.83, which provides the boldholders with a 10% yield. The Bonds are dated January 1,2025, and mature January 1,2030, with interest payable December 31 of each year. Carla Company allocates interest and unamoritized discount or premium on the effective-interest basis.

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