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Prepare journal entry On July 1, 2021 Wildhorse retired $672,000 of the bonds at 102 plus accrued interest. Wildhorse uses straight-line amortization On April 1,
Prepare journal entry
On July 1, 2021 Wildhorse retired $672,000 of the bonds at 102 plus accrued interest. Wildhorse uses straight-line amortization
On April 1, 2019, Wildhorse issued $2,240,000, 9% bonds for $2,409,642 including accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2029.
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