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HELPPP Cullumber Company sold $3,340,000,9%,10-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1 . The
HELPPP
Cullumber Company sold $3,340,000,9%,10-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1 . The company uses straight-fine amortization on bond premiums and discounts, Financial statements are prepared anntally (a) Prepare the journal entries to record the issuanct of the bonds assuming they sold at: (1) 105 - and (2) 95 . (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/25 2. 1/1/25 SUPPORT eTextbook and Media Assistance Used Step by Step Solution
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