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Bonds Payable
Asked Mar 26, 2007, 12:01 PM
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1 Answer If there is a bond issued for $8,000,000 of 5 year, 8% callable bonds dated on july 1, 05 at an effective rate of 10%, receiving cash of $7,382,236. And interest is payable semiannually on Dec 31, and Jun 30.....what would the entry be? |
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