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On June 30, Jamison Company issued $2,500,000 of 10-year, 8% bonds, dated June 30, for $2,580,000. Present entries to record the following transactions. (a) Issuance
On June 30, Jamison Company issued $2,500,000 of 10-year, 8% bonds, dated June 30, for $2,580,000. Present entries to record the following transactions.
| (a) | Issuance of bonds. |
| (b) | Payment of first semiannual interest on December 31 (record separate entry from premium amortization). |
| (c) | Amortization by straight-line method of bond premium on December 31 |
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2001 Miller Local Government Audits
Authors: Rhett D. Harrell
1st Edition
015607219X, 978-0156072199
