Question: Hunter Corp. issued 10% two-year bonds payable with a face amount of $120,000 when the market interest rate was 10%. Hunter's fiscal year-end on

Hunter Corp. issued 10% two-year bonds payable with a face amount of $120,000 when the market interest rate was 10%. Hunter'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 Date 2018 1 Journal Entry Accounts and Explanations Debit Credit Incor

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