If the bonds pay interest on june 30 and december 31 and if


Question - On January 1, ABC Company issued $1,000,000, 5-year, 12% bonds for $1,037,690. If the bonds pay interest on June 30 and December 31 and if the effective rate of interest is 11%, Determine the interest paid on June 30.

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Accounting Basics: If the bonds pay interest on june 30 and december 31 and if
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