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Journalize the entry to record the first interest payment

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Question - On the first day of the fiscal year a company issued a $660,000, 10%, 5-year bond that pays semi annual interest of 33,300 ($666,000 * 10% * 1/2) receiving cash of $626,000, journalize the entry to record the first interest payment and the amortization of the related bond discount using the straight line method.

Reference no: EM133185099

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