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Question
On January 1, 2013, Lane issues $700,000 of 7%, 15-year bonds at a price of 106. The interest payments are made on June 30 and December 31. Lane elects a fiscal year ending September 30. What is the amount that would be recorded as cash paid in the December 31, 2013, journal entry?
A. $24,500
B. $22,925
C. $12,250
D. $11,462
E. $13,458
Answer
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Related questions
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Q:
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Q:
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