What is the book value of the bond

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Question: Bonds with a stated interest rate of 4% and a face value totaling $460,000 were issued for $410,000 on January 1, 2018 when the market interest rate was 7%. The company uses effective-interest bond amortization.

Required what is the book value of the bond on December 31, 2019

Required what is the interest payment for the year ended December 31, 2019

Required what is the interest expense for the year ended December 31, 2019

Required give the journal entry for the interest payment on December 31, 2019

Reference no: EM132758559

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