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On January 1, 2014, Cullumber World issued bonds with a face value of $212,000. The bonds carry a stated interest of 6% payable each
On January 1, 2014, Cullumber World issued bonds with a face value of $212,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance of the bonds if the bonds are issued at 98.5. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
8th edition
78025559, 978-0078025556
