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Swifty Company issued $880,000, 9%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually on January 1. Swifty uses the straight-line
Swifty Company issued $880,000, 9%, 20-year bonds on January 1, 2020, at 102. Interest is payable annually on January 1. Swifty uses the straight-line method of amortization and has a calendar year-end. Prepare all journal entries made in 2020 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 2020 Account Titles and Explanation Debit Credit
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
