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Required information Use the following information for Quick Studies below. (Algo) (The following information applies to the questions displayed below. Dunphy Company issued $14,000 of
Required information Use the following information for Quick Studies below. (Algo) (The following information applies to the questions displayed below. Dunphy Company issued $14,000 of 7.0%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. QS 14-3 (Algo) Financial statement impact of bond transactions LO P1 Analyze transactions by showing their effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Date Assets Liabilities Equity + January 1 June 30
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