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Learning Case # 1 0 C Chapter 1 0 On January 1 , 2 0 2 1 , Desmond Corporation issued $ 5 0 ,
Learning Case #C
Chapter
On January Desmond Corporation issued $ bonds APR market rate for $ The bonds were dated January paying interest on January each year, and mature in years.
Required Round all answers to the nearest whole dollar.
Prepare the journal entry to record the issuance of the bonds.
Prepare the journal entries for the accrual of interest and the premium or discount amortization on December using the effectiveinterest amortization method.
Prepare the journal entries for the payment of interest on January
Determine the carrying value of the bonds on January
tableDateAccount,Debit,Credit
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