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Help, thanks! On November 1, 2013, Davis Company issued $30,000, nine-year, 8% bonds for $29, 172. The bonds were dated November 1, 2013, and interest
Help, thanks!
On November 1, 2013, Davis Company issued $30,000, nine-year, 8% bonds for $29, 172. The bonds were dated November 1, 2013, and interest is payable each November 1 and May 1. How much is the book value of the bonds after the November 1, 2014 interest payment was recorded, assuming the straight-line method of amortization is utilized? $29, 172. $29, 080. $29, 264. $29, 356Step by Step Solution
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