Dechow, Inc., issued $250,000 of 8%, 15-year bonds at 96 on July 1, 2005. Interest is payable
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Dechow, Inc., issued $250,000 of 8%, 15-year bonds at 96 on July 1, 2005. Interest is payable semiannually on December 31 and June 30. Through June 30, 2010, Dechow amortized $3,000 of the bond discount. On July 1, 2010, Dechow retired the bonds at 101. Use the financial statement effects template to illustrate the bond retirement.
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Related Book For 
Financial Accounting For MBAs
ISBN: 9781934319345
4th Edition
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
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