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Bow Company sells $ 1 0 0 , 9 0 0 of 1 5 % , 1 6 - year bonds for 9 3 on

Bow Company sells $100,900 of 15%,16-year bonds for 93 on April 1,2020. The market rate of interest on that day is 1512%. Interest is paid each year on April 1. Bow Company uses
the straight-line amortization method. Write the adjusting entry required at December 31,2020.
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