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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 $4,500,000, 10%, 10-year bond that pays semiannual interest of $225,000 ($4,500,000 × 10% × ½), receiving cash of $5,111,565.

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

Reference no: EM132813233

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