Question: Hare Corp. issued 5% seven-year bonds payable with a face amount of $100,000 when the market interest rate was 5%. Hare's fiscal year-end on December

Hare Corp. issued 5% seven-year bonds payable with a face amount

Hare Corp. issued 5% seven-year bonds payable with a face amount of $100,000 when the market interest rate was 5%. Hare's fiscal year-end on December 31. The bonds pay interest on January 1 and July 1. Read the requirement. . a. Issuance of the bonds payable at par on July 1, 2018 Journal Entry Accounts and Explanations Date Debit Credit 2018 v Jul 1 b. Payment of the bonds payable at maturity (give the date) Journal Entry Accounts and Explanations Date Debit Credit

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