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Has to have 5 journal entries per question ( a , b , and c ) On January 1 , 2 0 1 9 ,
Has to have journal entries per question aband c
On January Smalls, Inc. issued $ of its year bonds for $ Interest is payable annually and the effective yield was Costs connected with the issue totaled $
Required:
a Prepare the entry to record the issuance of the bonds.
b Prepare the journal entry to record interest expense in using the effective interest method.
c Prepare the journal entry to record interest expense in using the straightline method.
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