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PLEASE SHOW ALL WORK!! Brief Exercise 14-03 The Wildhorse Company issued $240,000 of 13% bonds on January 1, 2020. The bonds are due January 1,
PLEASE SHOW ALL WORK!!
Brief Exercise 14-03 The Wildhorse Company issued $240,000 of 13% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Wildhorse Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit (b)Step by Step Solution
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