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Required: 1. If the market interest rate is...

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Accounting

Required:
1.

If the market interest rate is 9%, the bonds will issue at $1,900,000. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.

--Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2015, the company issues $1,900,000 of 9% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

Journal Entry Worksheet

Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2015, the company issues $1,900,000 of 9% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. If the market interest rate is 9%, the bonds will issue at $1,900,000. Record the issuance of the bond.

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