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On January 1, 2001, Bradley Corporation issued six-year bonds with a face value of $250,000 and a contract rate of 9%.The annual interest payment dates
On January 1, 2001, Bradley Corporation issued six-year bonds with a face value of $250,000 and a contract rate of 9%.The annual interest payment dates are January 1.Bradley uses the straight line method of amortizing bond premium or discount and the bonds are sold at $239,111. ...
1.Prepare the journal entry to record the issue of bonds on January 1, 2001.
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