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Record the payment of semiannual interset on the bonds

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Issued a $8,000,000 of 10 year, 7% bonds at %110, withinterest paid semiannually.

Record the payment of semiannual interset on the bonds issuedand the amortization of the premium for six months. Yheamortization was determined using the straight-line-method.

Reference no: EM13482480

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