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Problem 5 Determine Sales Price Prepare journal entries for the sale of the following...

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Accounting

Problem 5 Determine Sales Price
Prepare journal entries for the sale of the following bond issues. Theoretical sale price.
A ,9% bonds of $200,000 sold Jan. 1; 5-year life; interest payable on Jan. 1 and July 1;
Market rate was 8%
B 6% bonds of $200,000 sold Jan. 1;10-year life; interest payable on Jan. 1 and July 1 ;
Market rate was 8%
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