On January 1, 2012, White Water issues $500,000 of 6% bonds, due in 20 years, with interest
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Assuming the market interest rate on the issue date is 6%, the bonds will issue at $500,000. Record the bond issue on January 1, 2012, and the first two interest payments on December 31, 2012, and December 31, 2013.
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Related Book For
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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