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Adam company issued $110,000 of 10 years, 5% bonds payable on January 1, 2018. Adam company pays interest on January 1 and July 1 and
Adam company issued $110,000 of 10 years, 5% bonds payable on January 1, 2018. Adam company pays interest on January 1 and July 1 and amortized discount or premium by the straight line amortization method. The company can issue it's bonds payable under various conditions.
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