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A Company Issued 8%,15-Year Bonds with a Par Value of $550,000.The

Question 101

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A company issued 8%,15-year bonds with a par value of $550,000.The current market rate is 8%.The journal entry to record each semiannual interest payment is:


A) A company issued 8%,15-year bonds with a par value of $550,000.The current market rate is 8%.The journal entry to record each semiannual interest payment is: A) B) C) D) E) No entry is needed,since no interest is paid until the bond is due
B) A company issued 8%,15-year bonds with a par value of $550,000.The current market rate is 8%.The journal entry to record each semiannual interest payment is: A) B) C) D) E) No entry is needed,since no interest is paid until the bond is due
C) A company issued 8%,15-year bonds with a par value of $550,000.The current market rate is 8%.The journal entry to record each semiannual interest payment is: A) B) C) D) E) No entry is needed,since no interest is paid until the bond is due
D) A company issued 8%,15-year bonds with a par value of $550,000.The current market rate is 8%.The journal entry to record each semiannual interest payment is: A) B) C) D) E) No entry is needed,since no interest is paid until the bond is due
E) No entry is needed,since no interest is paid until the bond is due

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