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How would record the payment of interest

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Question - A company has a 8% 10 year bonds payable that mature on June 30 2028. The bonds are issued on June 30 2018 and the company pays interest each June 30 and December 31.

The company issued $700,000 of the bonds at 88.

How would record the payment of interest and amortization of the discount using the straight line amortization method?

Reference no: EM132617681

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