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On 3/1/20, Donohue Company issued 5% bonds in the face amount of $500,000, which mature in 5 years. interest is payable semi-annually on March 1
On 3/1/20, Donohue Company issued 5% bonds in the face amount of $500,000, which mature in 5 years. interest is payable semi-annually on March 1 and and September 1 . The bonds were sold to yield 696 , and bond issue costs were $12,000. Donohue uses the effective interest method of amortizing bond discount. Prepare the amortization table. Prepare the amortization table. What journal entries will Donohue make in 2020 and 2021 relative to these bonds
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