Business, 10.12.2019 02:31 Anthony1442

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on january 1, when the market interest rate was 9 percent, seton corporation completed a $260,000, 7 percent bond issue for $226,626. the bonds pay interest each december 31 and mature in 10 years. seton amortizes the bond discount using the straight-line method.
required:
1. & 2. prepare the required journal entries to record the bond issuance and the first interest payment on december 31. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to the nearest whole dollar.)

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on january 1, when the ma...

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