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de 15-16 Cullumber Company issued $620,000, 11, 10-year bonds on December 31, 2019, for $550,000. Interest is payable w amortize bond premium or discount ay
de 15-16 Cullumber Company issued $620,000, 11, 10-year bonds on December 31, 2019, for $550,000. Interest is payable w amortize bond premium or discount ay on December 31 mer Company uses the straight-tne method Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. De m indent man.) Debit Credit Date Account Tides and Explanation Dec 31, 2019 Prepare the journal entry to record the payment of interest and the discount amortiration on December 31, 2020. (Cred accountries are automatically indented when amon Account Titles and Explanation Dec 31, 2020 Indented when interdent ally Date Account Tities and Explanation Dec 31, 2019 Prepare the uma entry to record the payment of interest and the discount amortisation on December 31, 2020. (Credit account titles are automatically indented when amount is entered Do not indent manually.) Date Account Tiles and Explanation Debit Dec 31, 2020 Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the best interest period has been paid and recorded. (Cradle account Indented when amount is entered. Do not indent manually) s are automatically Date Account Tities and Explanation Dec 31, 2029
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