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The Colson Company issued $417,000 of 10% bonds on January 1, 2013. The bonds are due January 1, 2018, with interest payable each July 1
The Colson Company issued $417,000 of 10% bonds on January 1, 2013. The bonds are due January 1, 2018, with interest payable each July 1 and January 1. The bonds are issued at 98. Prepare the journal entries for (a) January 1, (b) the July 1, and(c) December 31. Assume The Colson Company records straight-line amortization annually on December 31
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