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marshall company issued bonds payable with a coupon rate of 8%, maturing in 5 years with a face value of 12,000,000. bonds issued at a discount with a price of 95% of face and pay interest march and september. the company amortizes bond discounts using the straight line method.
1. journal entry to record the issuance of the bonds on march 30th
2. journal entry to record the semi annual interest payments and discount amortization on sept 30th
3. journal entry to record interest accrual and discount amortization on december

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M951682

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