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Cullumber Lta. issued $730.000.9%.10-year bonds on December 31 , 2019. for fo60.000. Interest is payable annually on December 31. Cullumber Company uses the straight-line method
Cullumber Lta. issued $730.000.9%.10-year bonds on December 31 , 2019. for fo60.000. Interest is payable annually on December 31. Cullumber Company uses the straight-line method to amortize bond precriumnar dischunt. Prepare the joumal entry to record the issuance of the bonds. CGeditloccount tities are Gutornatically indented when amount is entered. Do not indent manualik) List of Accounts Prepare the journal entry to record the payment of interest and the discount amortization on December B1, 2020. (Credit account tities are automotically indented when arnount is entered. Do not indent manually.) Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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