Record all necessary journal entries for year

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Question - On January 1, 2018, Cara Ltd. issued $500,000, 6%, 5-year bonds, when the market interest rate was 8% for $ 459,446. Interest is payable semi-annually on July 1 and January 1. The company has a calendar year end. Record all necessary journal entries for year 2018.

Reference no: EM133020048

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