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mezya [45]
3 years ago
10

Pretzelmania, Inc., issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2021. The market interest r

ate for bonds of similar risk and maturity is 5%. Interest is paid annually on December 31.
Required:
Record the bond issue and first interest payment on June 30, 2021.
Business
1 answer:
bija089 [108]3 years ago
6 0

Answer:

Here the answer is given as follows,

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