Please provide appropriate journal entry and the calculations as to how you came to your...
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Accounting
Please provide appropriate journal entry and the calculations as to how you came to your figures.
The following events occurred during the first half of the year. Book the entries necessary for the corresponding transactions that have occurred. January 22: Issued $75,000 of 6% term bonds due on January 1, 2025 (10 periods) with interest payable each June 30 and December 31 . Investors require an effective interest rate of 8%. Record the entries for issuance of the bond

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