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On January 1, 2025, Stellar Company sold 11% bonds having a maturity value of $300,000.00 for $311,372.07, which provides the bondholders with a 10%
On January 1, 2025, Stellar Company sold 11% bonds having a maturity value of $300,000.00 for $311,372.07, which provides the bondholders with a 10% yield. The bonds are dated January 1. 2025, and mature January 1, 2030, with Interest payable December 31 of each year. Stellar Company allocates interest and'unamortized discount or premium on the effective-Interest basis. Click here to view factor tables Prepare the journal entry to record the interest payment and the amortization for 2025. (Round answer to 2 decimal places, e.g. 38,548:25. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation December 31, 2025 thanks and Madin Debit Credit
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