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Prepare journal entries to record the following transaction related to long-term bonds of Quirk Co. On April 1, 2011, Quirk issued $1,000,000, 9% bonds for
Prepare journal entries to record the following transaction related to long-term bonds of Quirk Co. On April 1, 2011, Quirk issued $1,000,000, 9% bonds for $1,075,736 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2021
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