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On October 1 , 2 0 2 4 Cullumber Corporation issued 5 % , 1 0 - year bonds with a face value of $
On October Cullumber Corporation issued year bonds with a face value of $ at Interest is paid on October and April with any premium or discount amortized on a straightline basis. The entry to record the issuance of the bonds will include a credit of : $ to discount on bonds payable; $ to Interest Payable; $ to Bonds Payable; $ to Premium on Bonds Payable.
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