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Record the issuance of the bond

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Question - Argo Company issued seven-year bonds with a face value of $83,000 and stated interest rate of 10% (paid semiannually) for $83,000. The market rate of interest is 10% on the date of issuance. Record the issuance of the bond and the first two semiannual interest payments.

Reference no: EM132521013

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