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M10-11 Recording Bonds Issued at Face Value [LO 10-3] [The following information applies to the questions displayed below.] Schlitterbahn Waterslide Company issued 25,000, 10-year, 5

M10-11 Recording Bonds Issued at Face Value [LO 10-3]

[The following information applies to the questions displayed below.]

Schlitterbahn Waterslide Company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31.

(a) The issuance of these bonds on January 1.
(b) The first interest payment on December 31.

References

Section BreakM10-11 Recording Bonds Issued at Face Value [LO 10-3]

11.

value: 10.00 points

Required information

M10-11 Part 1

1.

Indicate the effects of the amounts for the above transactions. (Enter any decreases to account balances with a minus sign.)

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