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On January 1, 2019 Longhorn Boot Company issued $300,000 of 12-year, 6% bonds at par. Interest is payable March 31, June 30, Sept 30, and
| On January 1, 2019 Longhorn Boot Company issued $300,000 of 12-year, 6% bonds at par. Interest is payable March 31, June 30, Sept 30, and December 31. |
| Prepare the journal entries to record the following: |
| A) The issuance of the bonds |
| B) The payment of interest on September 30 |
| C) The proper journal entry for December 31 |
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Auditing Principles A Systems Based Approach
Authors: Howard F. Stettler
5th Edition
0130517224, 9780130517227
