Prepare the entries to record the issuance of bonds

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Reference no: EM13748681

On January 1, 2008 Halston Enterprises issued 8%, 20-year bonds with a face amount of $3,000,000 at ? Interest is payable semiannually on June 30th and December 31st. Effective rate is 12%

Prepare the entries to record the issuance of bonds and the first semiannual interest payment assuming that the company uses straight-line amortization.

Reference no: EM13748681

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