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All needed The following information applies to questiens 63,64 , and 63: On Jarmary 1. Year I Residence Compun? issied bonds with a 550,000 face
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The following information applies to questiens 63,64 , and 63: On Jarmary 1. Year I Residence Compun? issied bonds with a 550,000 face value. The bonds were issud at 104 They had a 20 year tern and a wared rate of interest of 7% 63) Which of the following joutnal entrici correctly reconds the bernit ismumese on Jantuary 1, Year 17 6A) The iournal entry necessary to tecognize interest expense and rehated straggh-tine amowsmmon in 65) Based on this information the carrying value of the bono uamam re repaying the principal) is C) 348,000 A) 552,000 D) $46,500 B) 550,000Step by Step Solution
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