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Determine and journalize the initial carrying amount of bond

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Reference no: EM132973468

On March 1, 2021, Una Co. issued 12%, four year 1,000,000 at 98 including accrued interest. These bonds were dated January 1, 2021. In addition, interests on these bonds are due annually every December 31.

Requirement:

Problem 1. Determine and journalize the initial carrying amount of the bonds on March 1, 2021.

Reference no: EM132973468

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