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Write the journal entry

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If the market interest rate is 5%, then a $10,000, 6%, 10-year bond that pays interest annually would sell at an amount.

Question 1: On April 1, the Prakash Corporation issued 20,000 shares of $2 par value common stock at $23 per share. Please write the journal entry:

Question 2: On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current fair-market price of $66 per share. Please write the journal entry

Reference no: EM132513145

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