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What is the proper journal entry and adjustment entry

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Question - What is the proper journal entry and adjustment entry for the below problem?

June 30th- $100,000-The company issues a 5-year bond with a face value of $100,000 and a stated annual rate of 8%. Interest is due on June 30th each year. The market rate is 6% on the date of issuance. Adjust for interest expense.

Reference no: EM132215613

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