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Required Information [The following information applies to the questions displayed below) Schlitterbahn Waterslide Company issued 37000, 10-year, 5 percent, $100 bonds on January 1 at

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Required Information [The following information applies to the questions displayed below) Schlitterbahn Waterslide Company issued 37000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The first interest payment on December 31 1. Indicate the effects of the amounts for the above transactions (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign.) Assets Liabilities Stockholder (a) (b)

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