Question: On January 1 , 2 0 2 1 , Solo Securities issued a $ 6 0 0 , 0 0 0 , 6 % ,

On January 1,2021, Solo Securities issued a $600,000,6%, three-year bonds payable. The market rate was 4% at issuance. Interest is paid semi-annually each June 30 and December 31. Solo Securities uses the effective interest method of amortization.

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