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On the go Gas comp. issued a 5 year $100,000 Bond with coupon rate of 10% on January 1, 2010. Interest is paid yearly on

On the go Gas comp. issued a 5 year $100,000 Bond with coupon rate of 10% on January 1, 2010. Interest is paid yearly on December 31. The market interest rate is 8%

Make journal entries to record interest payments for years 2010, 2011 and 2012 using the effective interest rate method
Prepare a partial balance sheet as of Dec. 31, 2012

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