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Business, 02.12.2019 19:31 megamegs80

Garcia company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. on the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117¼. prepare the journal entry for the issuance of these bonds. assume the bonds are issued for cash on january 1.

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Garcia company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest paymen...
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