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Actividad 3: Bonds payable On July 1, Deep Company issued $600,000, 10 year, 8% bonds al 103. Interest is payable annually on July 1. The
Actividad 3: Bonds payable On July 1, Deep Company issued $600,000, 10 year, 8% bonds al 103. Interest is payable annually on July 1. The company uses straight-line amortization. Instructions: Prepare the journal entry to record the following events: 1. The issuance of the bonds on July 1, 20x2. 2. The accrual of interest and amortization of the premium on December 31, 20x2. 3. The payment of interest on July 1, 20x3. 4. Show calculations. Need calculations for this exercise
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