Scooters Doll Flower Company on July 1 issued 10%,$600,000 bonds for $564,149.This price will yield a market rate of 11%.Interest dates are June 30 and December 31.Prepare the journal entries to record:
a.Issuance of the bond.
b.Payment for the first semiannual interest period plus amortization of the discount using the interest method.
c.Payment for the second semiannual interest period plus amortization of the discount using the interest method.
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