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Sheridan Company issues $3,000,000, 10-year, 9% bonds at 97, with interest payable each January 1. (a) Prepare the journal entry to record the sale of
Sheridan Company issues $3,000,000, 10-year, 9% bonds at 97, with interest payable each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit eTextbook and Media (b) Assuming instead that the above bonds sold for 102, prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Jan. 1 eTextbook and Media Save for Later O Search Debit Credit Attempts: 0 of 3 used Submit
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