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Abc company issued 100000 face value of bonds with the

Question - ABC Company issued $100,000 (face value) of bonds with the following details;

They mature in 1 year

The stated interest rate is 8

The market interest rate is 10%

What is the journal entry to record the issuance of the bonds on ABC Company's books?

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Accounting Basics: Abc company issued 100000 face value of bonds with the

Reference No:- TGS02769562

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Accounting Basics: Abc company issued 100000 face value of bonds with the

Reference No:- TGS02769562

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