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On February 28, Year 1, Mighty Ducks, Inc., issued $100,000,20-year, 6% bonds at 100.000 . The bonds pay interest semi-annually on February 28 and August
On February 28, Year 1, Mighty Ducks, Inc., issued $100,000,20-year, 6% bonds at 100.000 . The bonds pay interest semi-annually on February 28 and August 31. At the end of the year, December 31, Year 1, the adjusting entry includes a debit to Interest Expense of (round to the nearest $ amount)
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