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Help!! Taylor Co. issued $100,000 of 13% bonds on January 1, 2016. The bonds pay semlannual interest on June 30 and December 31 st. The
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Taylor Co. issued $100,000 of 13\% bonds on January 1, 2016. The bonds pay semlannual interest on June 30 and December 31 st. The bonds mature on December 31 , 2019. Assuming the company sells the bonds for $102,458.71 with a yleld of 12%. Prepare the joumal entries for the initial sale of the bonds as well as the first two interest payment journal entries Step by Step Solution
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
