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On January 1, 2025, Sunflower Travel Services issued $200,000 of 7% bonds that mature in five years. They were issued at 98. The bonds pay
On January 1, 2025, Sunflower Travel Services issued $200,000 of 7% bonds that mature in five years. They were issued at 98. The bonds pay annual interest payments on December 31 of each year using the straight-line amortization method. Prepare the journal entries for the issuance of the bonds on January 1, 2025 and for the first interest payment on December 31, 2025
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
