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April 16, 2014

Homework Help: accounting

Posted by Renee on Saturday, October 8, 2011 at 1:49pm.

On January 2, 2007, a company issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for for 95% (or .95 of par) and will pay interest semi-annually, or twice a year, on June 30 and Dec 31. Record the journal entries to record the issuance of the bonds and the interest payments to be made for the year 2007.

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