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The Everything is Pink Co. issued $50,000,000 of 10-year, 10 percent bonds with semi-annual cash interest payments. The market interest rate at the time of issuance was 8 percent. What was the issuing price of this bond?
a. What journal entry will the Everything is Pink Co make in its records when issuing the bonds above for cash?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975793

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