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On January 1, 2018, Splash City issues $470,000 of 9% bonds, due in 20 years, with...

On January 1, 2018, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 10%, the bonds will issue at $429,678.

2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018

Date General Journal Debit Credit
January 01, 2018

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ekkarill92 answered 1 year ago
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