On January 1, 2014.Nowell Company issued 5500.000 in bonds that mature in five years. The bonds have
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1. What was the issue once on January 1, 2014?
2. What amount of interest expense should be recorded on (a) June 30, 2014? and (b) December 31, 2014?
3. What amount of cash interest should be paid on (a) June 30, 2014? and (b) December 31, 2014?
4. What is the book value of the bonds on (a) December 31. 2014? and (b) December 31, 2015?
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