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PRINTER VERSION Exercise 15-15 (Part Level submission) Adcock Company issued $620,000, 5%, 20-year bonds on January 1, 2017, at 101. Interest is payable annually on

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PRINTER VERSION Exercise 15-15 (Part Level submission) Adcock Company issued $620,000, 5%, 20-year bonds on January 1, 2017, at 101. Interest is payable annually on January 1. Adoodkuses straight-line amortization for bond premium or discount. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (credit account titles are automatically indented when amount is entered Do not indent manually.) Date Titles and Explanation Jan. 1, 201 Cash 6262001 L 620000 Bonds payable L 162200 Premium on Bonds Pa

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