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On January 31, 2018, Daughtry Logistics, Inc., issued ten-year, 9% bonds payable with a face value of $6,000,000. The bonds were issued at 92 and

On January 31, 2018, Daughtry Logistics, Inc., issued ten-year, 9% bonds payable with a face value of $6,000,000. The bonds were issued at 92 and pay interest on January 31 and July 31. Daughtry Logistics amortizes bond discounts using the straight-line method.
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