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Enterprise Group issued $100,000 of 4 -year, 6% bonds outstanding on December 31, 2015 for $92,000. Enterprise uses straight-line amortization. On April 1, 2016, $50,000
Enterprise Group issued $100,000 of 4 -year, 6% bonds outstanding on December 31, 2015 for $92,000. Enterprise uses straight-line amortization. On April 1, 2016, $50,000 of the bonds were retired at 97 . What is the credit to cash? 48,500 margin of error +/1 Step by Step Solution
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Accounting For Business
Authors: Peter Scott
2nd Edition
0198719868, 9780198719861
