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Prepare journal entries to record first two interest payment

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Problem - Ike issues $180,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $184,566 when the market rate is 10%. Prepare the journal entries to record the first two interest payments.

Reference no: EM133048025

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