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On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $420,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 6%, the bonds will issue at $420,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021.
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On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, is...
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