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Journalize the first interest payment and the amortization

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On the first day of the fiscal year, a company issues a $3,100,000, 6%, 5-year bond that pays semiannual interest of $93,000 ($3,100,000 × 6% × ½), receiving cash of $3,528,830.

Problem 1: Journalize the first interest payment and the amortization of the related bond premium.

Reference no: EM132708364

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