On the first day of the year 2019, a company issues a $50,000,000, 6%, 10-year bond that pays semi-annual interest, receiving cash of $52,000,000. Journalize the entry to record the first interest payment and amortization of premium using the straight-line method.

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Journal Entry to Record First Interest Payment and Amortization of Premium Date January 1 2019 assum... View the full answer