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Alpha Company purchased a $1,000, 5 years, 6% bond on July 1, 2015 for $960. Interest is paid annually on June 30. The straight-line method

Alpha Company purchased a $1,000, 5 years, 6% bond on July 1, 2015 for $960. Interest is paid annually on June 30. The straight-line method of amortization used for both premiums & discounts. Use this information to prepare Alpha Company's General Journal entry (without explanation) for the June 30, 2016. If no entry is required then write "No Entry Required ".

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