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Problem 10-8A (Part Level Submission) Sheffield Corporation sold $3,290,000 6%, 5-year bonds on January 1 2017. The bonds were date uses the straight-line method to

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Problem 10-8A (Part Level Submission) Sheffield Corporation sold $3,290,000 6%, 5-year bonds on January 1 2017. The bonds were date uses the straight-line method to amortize bond premium or discount. anuary 2017, and pay interest on anuary 1 S er er to ration Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31 Click if you would like to Show Work for this

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