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What is the journal entry to record the issuance of the bond

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Question - On April 1, a company issues 6%, 10-year, $600,000 par value bonds that pay interest semiannually each March 31 and September 30. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts.

What is the journal entry to record the issuance of the bond on April 1?

What is the journal entry to record the first interest payment on September 30?

Reference no: EM132926850

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