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On j=January 1, Kara Company issued 10-year $105,000 bonds with a stated rate of 8%...

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Accounting

On j=January 1, Kara Company issued 10-year $105,000 bonds with a stated rate of 8% for $112670. The bonds pay interest semiannually on June 30 and December 21. The effective rate for the bonds was 7%. The journal entry on December 31 contains:

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