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On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues...

On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% 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 $431,721. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018.

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ekkarill92 answered 2 years ago
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