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On October 1, 2021, Monty Corp. issued $828,000,7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on
On October 1, 2021, Monty Corp. issued $828,000,7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (Prepare a tabular summary to record redemption of the bonds on October 1, 2031, their maturity date. (Assume interest has already been recorded and paid.)
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