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Mystle Company issued $500,000, 8%, 10-year bonds on December 31, 2017, for $470,000. Interest is payable annually on December 31. Mystle uses the straight-line method
Mystle Company issued $500,000, 8%, 10-year bonds on December 31, 2017, for $470,000. Interest is payable annually on December 31. Mystle uses the straight-line method of amortization and has a calendar year end. Instructions Prepare the appropriate journal entries on (a) December 31, 2017 (b) December 31, 2018
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