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Zinaida [17]
3 years ago
8

When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds dated January 1, 2017, that mature on December 31, 202

6, and pay interest semiannually for a selling price of $60,000. When the bonds mature, the issuer records its payment of principal with a ______________(debit/credit) to Bonds Payable in the amount of $ .
Business
1 answer:
yanalaym [24]3 years ago
8 0

Answer: Credit, $45,000

Explanation:

The bond payable is the interest payable on the bond and it's Bond issued value mutiply by issued rate

$50,000 * 9%* 10 years

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