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On March 1, 2019, Gropp Corporation issued $2,500,000 of 6%, 10-year bonds at 103. Record the following transactions related to the bond issue in T
On March 1, 2019, Gropp Corporation issued $2,500,000 of 6%, 10-year bonds at 103. Record the following transactions related to the bond issue in T accounts: 1. Sale of bonds 2. First interest payment 3. Accrual of interest at 12/31 4. Second interest payment
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