From Concept Check 8, record the journal entry for the first semiannual interest payment on October 1.

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From Concept Check 8, record the journal entry for the first semiannual interest payment on October 1.
In Concept Check 8, Facts: Bond issue: $200,000, 5%, 5-year bonds; selling price of bonds $218,510. Market rate 3%. Calculate the following:

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