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Hicks Corporation issued $500000 of 5% 10year bonds payable at a price of 92 The market interest rate at the date of issuance was 6% and the bonds pay interest semiannually The journal entry to

Hicks Corporation issued $500,000 of 5%, 10-year bonds payable at a price of 92. The market interest rate at the date of issuance was 6%, and the bonds pay interest semiannually. The journal entry to record the first semiannual interest payment using the effective-interest amortization method is

 

 

 

Apr 21 2020 View more View Less

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