Question: Company A issues a bond with a $100,000 face value. The bond matures in three years. The stated interest rate is 9% and the market

Company A issues a bond with a $100,000 face value. The bond matures in three years. The stated interest rate is 9% and the market interest rate is 12%. Interest payments are made every 6 months.

Record the journal entry for the issuance of the bond.

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