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Splish Brothers Inc. issues $3.7 million, 10-year, 6% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond

Splish Brothers Inc. issues $3.7 million, 10-year, 6% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium.

Account Title and Explanation Debit Credit

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