The principal and the final interest payment are due on December 31, 2010. Required: . Prepare the

Question:

The principal and the final interest payment are due on December 31, 2010.

Required:

. Prepare the entry to recognize the issuance of the bonds.

. Prepare the journal entry for December 31, 2009.

. Prepare the journal entry for December 31, 2010.

Exercise

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