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Cheyenne Corp. sold $2,660,000, 8 %, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January

Cheyenne Corp. sold $2,660,000, 8 %, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Cheyenne Corp. uses the straight-line method to amortize bond premium or discount.

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