Question: 4) How much discount is amortized per interest payment with a 5 year $100,000 bond that was issued at 70 5) A 5 year bond

4) How much discount is amortized per interest payment with a 5 year $100,000 bond that was issued at 70 5) A 5 year bond has a contract rate of 10% and a par value of $100,000. It is issued at 110. Prepare the journal entry for the first interest payment

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