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The everything is pink co issued 50000000 of 10-year 10

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The Everything is Pink Co. issued $50,000,000 of 10-year, 10 percent bonds with semi-annual cash interest payments. The market interest rate at the time of issuance was 8 percent. What was the issuing price of this bond?
a. What journal entry will the Everything is Pink Co make in its records when issuing the bonds above for cash?

Reference no: EM13598216

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