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A corporation issues $264000.10%, 5 year bonds on January 1, 2020 for $252900. Interestis paid annually on January 1. If the corporation uses the straight-line

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A corporation issues $264000.10%, 5 year bonds on January 1, 2020 for $252900. Interestis paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2020's adjusting entry is $26400 $2220 $24180 $28620

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