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help pls! 1. January 1, Year 1, Price Company issued $158,000 of five-year, 6 percent bonds at 94 . Interest is payable annually on December
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1. January 1, Year 1, Price Company issued $158,000 of five-year, 6 percent bonds at 94 . Interest is payable annually on December 31 . e discount is amortized using the straight-line method. quired epare the journal entries to record the bond transactions for Year 1 and Year 2. (If no entry is required for a transaction/event, lect "No journal entry required" in the first account field.) Journal entry worksheet Step by Step Solution
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