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On January 1, 2025, Paxton Planning Services issued $56,000 of 2% bonds that mature in five years. They were issued at face value. The
On January 1, 2025, Paxton Planning Services issued $56,000 of 2% bonds that mature in five years. They were issued at face value. The bonds pay annual interest payments on December 31 of each year What is the journal entry for the interest payment made on December 31, 2025?
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
8th edition
78025559, 978-0078025556
