Assume a corporation issued $10,000 3-year bonds with a contract rate at 8%. Interest is paid semiannually.

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Assume a corporation issued $10,000 3-year bonds with a contract rate at 8%. Interest is paid semiannually. The current market interest rate is 9%. The bonds sell for $9,742. Record the issuance of the bonds.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Posted Date: May 10, 2023 02:10 AM

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Assume a corporation issued $10,000 3-year bonds with a contract rate at 8%. Interest is paid semiannually.

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Fundamental Accounting Principles

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