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Prepare journal entries to record first interest payments

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Question - Straight-Line: Amortization of bond discount

Legacy issues $720,000 of 6.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $683,649 when the market rate is 8%.

Prepare the journal entries to record the first two interest payments.

Reference no: EM132564639

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