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Kingbird Co. sells $390,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date
Kingbird Co. sells $390,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2024. The bonds yield 10%. On October 1, 2021, Kingbird buys back $120,900 worth of bonds for $124,900 (includes accrued interest). Give entries through December 1, 2022.
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
