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Prepare the journal entries for the year

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Reference no: EM132948723

Question - On January 31, 20x2, you issue 15 year bonds with a face value of $10,000,000 and a coupon rate of 3%. The bonds are dated December 31, 20x1 and were issued to yield 2.7%. The bonds pay coupon payments on June 30 and December 31 of every year.

Required - Prepare the journal entries for the year 20x2.

Reference no: EM132948723

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