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On January 1, 20x3, Dierk Company issued $200,000 in long-term bonds at par. The bonds pay interest of 12% annually on January 1. The
On January 1, 20x3, Dierk Company issued $200,000 in long-term bonds at par. The bonds pay interest of 12% annually on January 1. The term of the bond is 10 years. What journal entry is necessary on December 31, 20x3? Your answer: Dust Expe 24,000 Ad Interest Payable Exp 24,000 Cask 24300 And Inest Real 24,000 Intent Beve 14.000 24000 Acced Is Payable 30000 Bonds Payable 4000 Clear answer
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
