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Required information The following information applies to the questions displayed below.) Schitterbahn Waterslide Company issued 42,000, 10 year, 5 percent, $100 bonds on January 1

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Required information The following information applies to the questions displayed below.) Schitterbahn Waterslide Company issued 42,000, 10 year, 5 percent, $100 bonds on January 1 at face value. Interest is payable cach December 31 (al The issuance of these bonds on January 1. ( The first interest payment on December 31, 1. Indicate the effects of the amounts for the above transactions (Enter any decreases to assets, labilities, or stockholders equity with a minus sign) Assets Liabilities Stockholders' Equity (a) Cash (b) Bonds Payable

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