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Problem #1 - Chapter 10 - Calculate Selling Price of a Bond - Discount or Premium REQUIRED - Calculate the Bond Issue Price and prepare

Problem \#1 - Chapter 10 - Calculate Selling Price of a Bond - Discount or Premium REQUIRED - Calculate the Bond Issue Price and prepare the journal entry on January 1, 2010 (Date of Issuance) for each of the following independent circumstances: - Only journal entry for date of issuance - PUT JOURNAL ENTRY IN THE BOX - MAKE SURE DEBITS ARE LEFT AND CREDITS ARE RIGHT Example: Cash $10,000 Bond Payable $10,000

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