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On March 31, 2010, Willey Market issued $150,000 worth of 10-year, eight percent bonds when the market rate was nine percent. Proceeds were $140,000. The interest is paid annually on March 31. a) What is the annual interest payment? b) What is the amount of interest expense on the date of the first interest payment? c) What is the carrying value at the end of the first year?
state college technology store is a retail computer store in the university center of a large mid-western university.
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