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DB Company issued $200,000,000 of 8% 20-year bonds at 101 on 1/1/23 to yield 7.5%. Interest is paid on June 30 and December 31. Using effective-interest amortization, calculate interest expense and record the 6/30/23 and 12/31/23 journal entries to record the interest expense and bond interest payments.
Sagot :
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