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Use the present value tables tocalculate the issue priceandmake the journal entryof a$100,000bond issue in...

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Accounting

Use the present value tables tocalculate the issue priceandmake the journal entryof a$100,000bond issue in each of the following independent cases.Assume that the bond was issued on January1,2010and that interest is paid semi-annually on Jan1and Jul1.

A 20-year, 10 percent bond issue; the market interest rate is 12 percent

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