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CDE Ltd. issued bonds payable of $100,000 on August 1, 2023, at a discount of $5,000. Record the journal entry for the issuance of the
- CDE Ltd. issued bonds payable of $100,000 on August 1, 2023, at a discount of $5,000. Record the journal entry for the issuance of the bonds and the annual adjusting entry for amortization of the discount. Discuss the effect on the company’s financial statements.
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Financial Accounting
Authors: Warren, Reeve, Duchac
12th Edition
1133952410, 9781133952411, 978-1133952428
