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Great Lake Clare Company is $1,159,000 of its 10%, 10-year bonds on February 28, 2016. The bonds pay interest on Feby 2 and August Assume

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Great Lake Clare Company is $1,159,000 of its 10%, 10-year bonds on February 28, 2016. The bonds pay interest on Feby 2 and August Assume that Great Lake uses the straight-in method for amortization. The jumalatry to record the first Wharest payment on August 31, 2018 includes O A debitores Experte for $96,107 Ode to Cash for $92,720 OC. debit to interest Expense for $8243 OD. debit to Discount on Bonds Payable for 53.477

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