Question: A firm issues a three-year 9% stated rate bond on July 1, 2017. The principal is $400,000 and the annual effective interest rate is 6%.

A firm issues a three-year 9% stated rate bond on July

A firm issues a three-year 9% stated rate bond on July 1, 2017. The principal is $400,000 and the annual effective interest rate is 6%. Coupons are paid semi-annually (on June 30 and December 31 each year). Show all journal entries associated with this bond

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