Question: Pizza Pier issues 9%. 9-year bonds with a face amount of $70,000 on January 1, 2015. The market interest rate for bonds of similar risk

Pizza Pier issues 9%. 9-year bonds with a face amount of $70,000 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is also 9%. Interest is paid semiannually on June 30 and December 31. Record the bond issue. Record the first interest payment on June 30, 2015

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