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Compute the total cost of barrowing for these bonds

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Question - Pueblo Company issued $300,000 of 5-year, 8% bonds at 98 on January 1, 2014. The bonds pay interest twice a year. Prepare the journal entry to record the issuance of the bonds. Compute the total cost of barrowing for these bonds repeat the requirements from part a assuming the bonds were issued at 104.

Reference no: EM132010018

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