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On January 1 , 2 0 2 0 , Cameron Corporation issued five - year, 6 % bonds payable with a face value of $
On January Cameron Corporation issued fiveyear, bonds payable with a face value of $ The bonds were issued at and pay interest on January and July Cameron
amortizes bond discounts using the straightline method. On December Cameron retired the bonds early by purchasing them at a market price of The company's fiscal year ends on
December
Road tho ranuiraments.
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Requirement Journalize the issuance of the bonds on January Record debits first, then credits. Exclude explanations from any journal entries.
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