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On March 1, 2021, Thurman Co. issued 12%, four year 1,000,000 at 98 including accrued interest. These bonds were dated January 1, 2020. In addition, interests on these bonds are due annually every December 31.
Requirement:
Problem 1: Compute and journalize the initial carrying amount of the bonds on March 1, 2021. (Show the amortization table)
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