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Tamarisk, Inc. issued $336,000, 10%, 15-year bonds on December 31, 2021, for $322,560. Interest is payable annually on December 31. Tamarisk uses the straight-line
Tamarisk, Inc. issued $336,000, 10%, 15-year bonds on December 31, 2021, for $322,560. Interest is payable annually on December 31. Tamarisk uses the straight-line method to amortize bond premium or discount. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Dec. 31, 2021 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
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