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3) Prepare the journal entries for the issuance of the bonds.Assume that both bonds are issued for cash on January 1,2009.

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Randell Company issues 7%, 10-year bonds with a par value of$150,000 and semiannual interest payments. On the issue date, theannual market rate for these bonds is 8%, which implies a sellingprice of 93

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Lelia Lubowitz
Lelia LubowitzLv2
29 Sep 2019

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