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**Explanations / Calculations if needed please *Brief Exercise 14-6 On January 1, 2017, Splish Corporation issued $590,000 of 9% bonds, due in 8 years. The
**Explanations / Calculations if needed please
*Brief Exercise 14-6 On January 1, 2017, Splish Corporation issued $590,000 of 9% bonds, due in 8 years. The bonds were issued for $558 028, and pay interest each july 1 and January 1 Splish uses the effective interest method. Prepare the company's o mal entries for a the January 1 issuance, b the july 1 interest payment, and c) the December 31 a ust ng entry. A s me an eme tive interest rate or i 0%. Rou d intern ediate alculatio s to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (a) Jan. 1, 2017Step by Step Solution
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