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Cullumber Company issued $730,000,9%,10-year bonds on December 31, 2021, for $660,000. Interest is psyable annually on December 31 . Cullumber Company uses the straight-line method

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Cullumber Company issued $730,000,9%,10-year bonds on December 31, 2021, for $660,000. Interest is psyable annually on December 31 . Cullumber Company uses the straight-line method to amortize bond premium or discount: (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are outomatically indented when amount is entered. Do not indent manualiny) Prepard the journal entry to recond the payment of interest and the discount ancrtization on December 31, 2022. (Credit account titles are outomatically indented when amount is entered Do not indent novuolly

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