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Record the issue of the bonds by each company on january

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problem1 : When market interest rates were 6%, three companies issued bonds on January 1, 2021. Each company has a December 31 year end and each company issued bonds with a face value of $100,000 that pay interest annually on December 31. Bramble Limited sold its bonds at 100 and offered a coupon interest rate of 6%, while Vaughn Corp. sold its bonds at 96 and offered a coupon interest rate of 5%, and Sheffield Inc. sold its bonds at 108 and offered a 7% coupon interest rate. Record the issue of the bonds by each company on January 1, 2021.

Reference no: EM132785342

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