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What journal entry would the company

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Point 1: Andersson Inc. issues 5-year bonds with a face value of $5,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 8%.

Question 1: What journal entry would the company make on the date the bonds are issued?

Reference no: EM132480489

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