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PLEASE ANSWER QUICK. due in 5 MINS THANK U. CORRECT ANSWERS. need it to be easy to read Teal Mountain Inc. issues $3.9 million, 5-year,

PLEASE ANSWER QUICK. due in 5 MINS THANK U. CORRECT ANSWERS. need it to be easy to read image text in transcribed
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Teal Mountain Inc. issues $3.9 million, 5-year, 12% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium. Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31

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