Record the issuance of the bonds on january

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On January 1, 2020, Ainsle Corp. issued $600,000, 7%, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1. The market interest rate at the time of issue was 6%.

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Question 1: Record the issuance of the bonds on January 1, 2020.

Reference no: EM132558167

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