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Colson Corporation produces womens clothing. Company officials decide to issue $50,000 in long-term bonds to finance an expansion of its swimwear line. These bonds are
Colson Corporation produces womens clothing. Company officials decide to issue $50,000 in long-term bonds to finance an expansion of its swimwear line. These bonds are issued for face value on April 1, Year One and pay interest in the amount of 5 percent annually. Interest payments are made semiannually, every April 1 and October 1. Record the journal entry or the adjusting necessary for each of the following
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