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On September 30, Year 1, Yapoo Plumbing, Inc., issued $40,000 of 15-year, 6% bonds at par value. Interest is paid annually on September 30.
On September 30, Year 1, Yapoo Plumbing, Inc., issued $40,000 of 15-year, 6% bonds at par value. Interest is paid annually on September 30. At year end, December 31, Year 1, when the adjusting entry is recorded, the debit to Interest Expense equals $
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
