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On April 1, 2001 Penny issued $600,000, 9%bonds for $645.442 including accrued interest. Interest is payable annually on January 1, and the bonds mature on
On April 1, 2001 Penny issued $600,000, 9%bonds for $645.442 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2011. Prepare the journal enrty to record the issue of the bonds on April 1, 2001
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
