Sandhill Corporation issued2,900,6%, 5-year, $1,000bonds dated January 1, 2020, at100. Interest is paid each January 1. Prepare
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Sandhill Corporation issued2,900,6%, 5-year, $1,000bonds dated January 1, 2020, at100. Interest is paid each January 1.
Prepare the adjusting journal entry on December 31, 2020, to record interest expense.
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