On January 1, 2019, a company issued $5,000,000 of a 10-year, zero-coupon bonds at 55.
Required:
A)Record the issuance of the bonds on January 1, 2019.
B)Record interest expense for 2019 assuming the use of the straight line amortization method.
C)Record the retirement of the bonds on January 1, 2029.
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