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Kleso, Intermediate Accounting, 17e Intermediate Accounting I & II Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION BACK NER Brief Exercise 14-06 On
Kleso, Intermediate Accounting, 17e Intermediate Accounting I & II Assignment Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRINTER VERSION BACK NER Brief Exercise 14-06 On January 1, 2020. Tamarisk Corporation issued $610,000 of 9% bonds, due in 10 years. The bonds were issued for $571,991, and pay interest each Day 1 and January 1. Tamarisk uses the effective interest method. Prepare the company's journal entries for (a) the January 1 Issuance, (b) the July 1 Interest payment, and (c) the December 31 adjusting entry Assume an effective interest rate of 10% (Round intermediate calculations to 6 decimal places, e.. 1.251247 and final answer to decimal places, e.g. 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit accounties are automatically indented when amount is entered. Do not indent manually.) No Date Account Titles and Explanation Debit Credit WERONUDOPER N
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