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On October 1, 2021, Swifty Corporation issued $432,000, 7%, 10-year bonds at face value. The bonds were dated October 1. 2021, and pay interest annually
On October 1, 2021, Swifty Corporation issued $432,000, 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. (e) prepare the adjusting entry to record the accrual of interest on December 31, 2022
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
