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ACCOUNTING VERBAL PROBLEM. PLEASE DO WITH EXPLANATION, THANK YOU. PLEASE DO: Presentation on the Balance Sheet Current Assets Wmmmon stock at fair market value Wynn's

ACCOUNTING VERBAL PROBLEM. PLEASE DO WITH EXPLANATION, THANK YOU.

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PLEASE DO: Presentation on the Balance Sheet Current Assets Wmmmon stock at fair market value Wynn's common stock equity method 1) On January 1, 2022, the games company sold 3 5,000,000 in 10- year bonds at 9%. Interest' Is payable on January 1st and July 1st. The company uses the m system to amortize the discount or premium on the bonds. The bonds were sold for 102. a) Prepare the payroll entry to record the bond issue on 1I1I2022. b) Prepare the wage entries for the payment of interest and the amortization of the discount or premium during 2022. (20 points)

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