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Make a record insurance of the bonds for may

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Reference no: EM132489252

On the date of authorization, May 1, 2011, the Gaines Corporation issued 10-year, 9 percent bonds with a face value of $2,000,000 at 100. Interest is payable each November 1 and May 1.

Question 1: Record insurance of the bonds (May 1)

Question 2: Record the first two interest payments

Reference no: EM132489252

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