Question: on June 3 0 , , 2 0 2 1 the market interest rate is 8 % . Corporation issues 8 0 0 0 0

on June30,,2021 the market interest rate is 8%. Corporation issues 800000 of 11%,10-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bond premium using the effective-interest method.

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