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The Flint Company issued $330,000 of 7% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July
The Flint Company issued $330,000 of 7% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each July 1 and January 1. The bonds were issued at 96. Prepare the journal entries for (a) January 1. (b) July 1, and (c) December 31. Assume The Flint Company records straight-line amortization semiannually. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date N 4 Account Titles and Explanation Debit Credi
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