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plz help On January 1.2020,5heridan Corporation isued $810,000,6%,5 year bonds for $745200. The bonds were sold to yield an effective interest irate of 8%. Interest
plz help On January 1.2020,5heridan Corporation isued $810,000,6%,5 year bonds for $745200. The bonds were sold to yield an effective interest irate of 8%. Interest is paid annual y on January 1 . The company uses the effective-lnterest method of amortization. Prepare the journal entries that Sheridan Corporation would make on January 1 and December 31,2020 and January 1,2021, related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Record journal entries in the order presented in the problem. List all debit entries before credit entries)
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