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Help!! Please show work Adcock company issued $460,000, 9%, 20-year bonds on January 1, 2017, at 102.Interest is payable annually on January 1. Adcock uses

Help!! Please show work image text in transcribed
Adcock company issued $460,000, 9%, 20-year bonds on January 1, 2017, at 102.Interest is payable annually on January 1. Adcock uses straight-line amortization for bond premium or discount. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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