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    Journal entries for bonds

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    If the company needs to raise $50,000,000 in bonds, and they issue a traditional 10-year, 10% bond with semiannual interest payments, how to record it in journal entries, assuming that market interest is 10%. What is the face value of the bond?

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    https://brainmass.com/business/the-accounting-cycle/journal-entries-bonds-64970

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    If the company needs to raise $50,000,000 in bonds, and they issue a ...

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    The solution provides the guidance in preparing journal entries for bonds.

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