Pretzelmania, inc., issues 7%, 10-year bonds with a face amount of $67,000 for $67,000 on january 1, 2021. the market interest rate for bonds of similar risk and maturity is 7%. interest is paid semiannually on june 30 and december 31. required: a. record the bond issue b. record the interest payment ondecember 31, 2012 (hint: interest expense is 7% times the carrying carrying value of$67,000 )
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Pretzelmania, inc., issues 7%, 10-year bonds with a face amount of $67,000 for $67,000 on january 1,...
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