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Laudie Company issued $579,000 of 9%, 10-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Prepare the journal
Laudie Company issued $579,000 of 9%, 10-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1.
Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Date
Account Titles and Explanation
Debit
Credit
jan. 1, 2027
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Quality And GMP Auditing Clear And Simple
Authors: James L. Vesper
1st Edition
0367400901, 978-0367400903
