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Bow Company sells $100,000 of 13%, 21-year bonds for 95 on April 1, 2020. The market rate of interest on that day is 13
Bow Company sells $100,000 of 13%, 21-year bonds for 95 on April 1, 2020. The market rate of interest on that day is 13 50% Interest is paid each year on April 1. Bow Company uses the straight-line amortization method On December 31, 2020, Bow Company made the following adjusting entry (Click the icon to view the journal entry) Write the journal entry required at Apr 1, 2021 (Record debite first, then credits. Explanations are not required Round your answers to the nearest whole dollar) Date April 1, 2021 Accounts Debit Credit Journal entry Accounts De Creat 10.010 Dec 31 Dacount on Bonds Pay Print Done 100
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