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Record the bond issue on january

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Problem - On January 1, 2021, White Water issues $430,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and points December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $430,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.

Reference no: EM132974331

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