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OnMarch1,Year1,HubbardCo.issuedatapriceof100$20millionof8%,25-yearbondspayable.InterestispayablesemiannuallyeachMarch1andSeptember1. (b)givetheadjustingentrynecessaryatDecember3,year(ifany),regardingthisbondissue. (e)givethejournalentrymadebyHubbardonMarch1,Year2,torecordthesemiannualpaymentofinteresttobondholders.

  1. OnMarch1,Year1,HubbardCo.issuedatapriceof100$20millionof8%,25-yearbondspayable.InterestispayablesemiannuallyeachMarch1andSeptember1.
  2. (b)givetheadjustingentrynecessaryatDecember3,year(ifany),regardingthisbondissue.
  3. (e)givethejournalentrymadebyHubbardonMarch1,Year2,torecordthesemiannualpaymentofinteresttobondholders.

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