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A corporation issues $100,000, 8%, 5-year bonds on January 1, 2010, for $104,200. Interest is paid annually on January 1. If the corporation uses the

A corporation issues $100,000, 8%, 5-year bonds on January 1, 2010, for

$104,200. Interest is paid annually on January 1. If the corporation uses the

straight line method of amortization of bond premium, the amount of interest

expense to be recognized in December31, 2010s adjusting entry is

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