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On January 1, 2010, Lakeview Computers issued $520,000, 6%, 10-year bonds at face value. Interest is payable on January 1. Use the accounting equation to
On January 1, 2010, Lakeview Computers issued $520,000, 6%, 10-year bonds at face value. Interest is payable on January 1. Use the accounting equation to record the following: 1. The bond issue 2. The accrual of interest on December 31, 2010 3. The payment of interest on January 1, 2011 1. The bond issue Use the accounting equation to record the bond issue. Some of the account names will be abbreviated. (Use parentheses or a minus sign when entering component decreases. Use only the necessary input lines.) Shareholders' Equity Assets + + Liabilities Account Contributed Capital $ Account Retained Earnings $ Account Account
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