jweitekamp81 jweitekamp81
  • 22-11-2022
  • Mathematics
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Legacy issues $680,000 of 6.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $645,669 when the market rate is 8%.

4. Prepare the journal entries to record the first two interest payments.

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