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Corporation issued $300,000 of 12%, 3 year bonds Jan 1. Interest payable semiannually on June 30 and dec 31. Use straight line method of amortization.
Corporation issued $300,000 of 12%, 3 year bonds Jan 1. Interest payable semiannually on June 30 and dec 31. Use straight line method of amortization. 1) prepare bond at 101 2) prepare entry first payment of interest on june 30
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
