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Wallace Associates issued ​$570,000 par​ value,  5​-year bonds on January ​1, 2018​, with a 6​% stated interest rate.

Wallace Associates issued ​$570,000 par​ value,  5​-year bonds on January ​1, 2018​, with a 6​% stated interest rate. It will make interest payments semiannually each June 30 and December 31 with the first interest payment at the end of the period on June ​30, 2018. The market rate of interest on the date of the bond issue was 8​%. On what date do the bonds​ mature? Prepare the journal entry when the bonds mature​ (you do not need to include an entry for the interest​ payment). On what date do the bonds​ mature?

The bonds mature on December 31, 2022;  December 30, 2023;  December 30, 2022; December 31, 2023

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