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On January 1, 2025, Smith Electrical Services issued 160 000 of 5% bonds that mature in ten years. They were issued at 92. The bonds
On January 1, 2025, Smith Electrical Services issued 160 000 of 5% bonds that mature in ten years. They were issued at 92. The bonds pay annual interest payments on December 31 of each year using the straightline amortization method. What is the journal entry for the interest payment made on December 31, 2025
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Audit And Accounting Guide Employee Benefit Plans
Authors: American Institute Of Certified Public Accountants
1st Edition
0870515756, 978-0870515750
