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How would I organize my balance sheet? Show any work needed please. saberhagen Company sold $3,700,000, s%, 10-year bonds on January 1, 2017. The bonds

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saberhagen Company sold $3,700,000, s%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017 and pay interest arrually on January 1 Saberhagen Co pany uses the straight-line method to amortize bond premium or discount. Your answer is partiality correct. Try again. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, asuming that the bonds sold at 103. (credit account titles are automatically Indented when amount is entered. De not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2017 Cash 3811000 Bonds Payable Premium on Bonds Payable 111000 Dec. 31, 2017 Interest Expense 17 111000 Premium on Bonds Payable 18500 Interest Payable

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