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What might the journal entries look like for ehrlich company

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Problem 1: Ehrlich Company issues ten bonds with twelve percent interest or coupon rate. The face value of the bonds is $1,000.00 and would mature in five years. Ehrlich Company would pay interest every six months. Assuming that the bonds are issued at face value and the investors keep the bonds to the date of maturity, what might the journal entries look like?

Reference no: EM132761695

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