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On January 1 2014, Senior Company has sold OMR 400,000 10 year, 5% bonds at $98. Interest is payable semi-annually on June 30th and December

On January 1 2014, Senior Company has sold OMR 400,000 10 year, 5% bonds at $98. Interest is payable semi-annually on June 30th and December 31st every year till the bonds maturity. Which journal entry will be passed for amortization of discount on December 31st 2014?

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