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QUESTION #10 Karly Company issued $250,000, 11%, 10-year bonds on December 31, 2018, for S230,000. Interest is payable semiannually on June 30 and December 31.

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QUESTION #10 Karly Company issued $250,000, 11%, 10-year bonds on December 31, 2018, for S230,000. Interest is payable semiannually on June 30 and December 31. Karly uses the straight-line method of amortization and has a calendar year end. Instructions Prepare the appropriate journal entries on (a) December 31, 2018. (b) June 30, 2019

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