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Business, 20.12.2019 02:31 Yuii

Rock company issued a $1,000,000 bond on january 1, 2014. the bond was dated january 1, 2014. had an 8% stated rate, pays interest annually on december 31, and sold for $924,184 at a time when the market rate of interest was 10%. rockuses the effective-interest method to account for its bonds. required: prepare the necessary journal entry for each of the following dates (assuming that no adjusting journal entries have beenmade during the year): january 1. 2014december 31. 2014december 31. 2015

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Rock company issued a $1,000,000 bond on january 1, 2014. the bond was dated january 1, 2014. had an...
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