Shawn issues $100,000 10 % par value bonds for $96,156. The bonds have a 4...
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Accounting
Shawn issues $100,000 10 % par value bonds for $96,156. The bonds have a 4 year life with semiannual interest payments. Record the entry on the issue date, the first interest payment, and the entry to retire the bonds. What will be the total interest payments for this bond?
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